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Attachment B <br />License Center Consideration <br />Another unique consideration lies with the License Center Fund. Unlike the other specific-purpose funds <br />noted above, the License Center already provides surplus monies to the General Fundon an annual basis <br />with the intended effect of reducing the General Fund’s reliance on property taxes.This cash transfer <br />amount is established as part of the annual budget process. <br />It’s not entirely clear how a secondary cash-transfer exercise might come into play in this circumstance. <br />For discussion purposes, Attachment Aprovides a 5-year summary of the year-end results for the selected <br />operating funds that have generally been included in previous discussions associated with cash reserve <br />balances. The Commission is now asked to develop its own recommendation to the Council. <br />Staff Recommendation <br />See above. <br /> <br />Requested Commission Action <br />Consider the concept of developing a Cash Reserve or Cash Carryforward Policy. <br />Prepared by:Chris Miller, Finance Director <br />Attachments: A: 5-Year Summary of Financial Results for Selected Operating Funds. <br /> <br />