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Finance Commission Minutes <br />September 10, 2019 <br />Page 11 of 12 <br /> <br />City Manager Trudgeon explained earlier this year, the city Council scheduled a joint city <br />Council-Finance Commission meeting for Monday, September 16, 2019. The purpose of the <br />joint meeting is to receive the Commission’s recommendation on Establishing a Policy for the <br />use of monies held in the Cash Reserve Fund, cash reserve target levels for the Parks & <br />Recreation Operating Fund, alternative Investment options, changes in funding strategies for the <br />2020-2039 CIP, use of the newly-established Cash Reserve Fund to provide monies for the EAB <br />Program and the 2020 City Manager recommended budget and tax levy. The Finance <br />Commission is asked to discuss the topics and prepare recommendations for the city Council <br />consideration at the joint meeting. <br /> <br />Commissioner Harold suggested reordering some items and have the Budget and CIP <br />recommendations first in case there is not enough time to discuss everything. <br /> <br />Chair Hodder asked how the Commission would like to delegate the topics to discuss. <br /> <br />Commissioner Murray indicated he would discuss the Alternative Investment Options with the <br />Council. <br /> <br />Commissioner Harold indicated he would discuss the 2020-2039 CIP. <br /> <br />Chair Hodder noted he would discuss the 2020 City Manager recommended Budget and Tax <br />Levy with the Council. <br /> <br />Commissioner Reif indicated he would discuss the EAB topic. <br /> <br />Commissioner Lee thought the Park and Recreation Cash Reserve Target Levels seemed pretty <br />simple and volunteered to discuss it with the Council. <br /> <br />Commissioner Sagisser noted he did not have a lot of history with any of the items and did not <br />feel comfortable presenting them. <br /> <br />Chair Hodder indicated he would cover the Establishing a Policy for the Cash Reserve Fund. <br /> <br />Mr. Trudgeon reviewed with the Commission the order the items will be discussed at the joint <br />meeting. <br /> <br />The Commission concurred. <br /> <br />Identify Discussion Items for the Future Meeting <br /> <br /> Review the Adopted 2020 Preliminary Budget and Levy <br /> Review the city Council Joint Meeting and feedback <br /> Review and Adopt the 2020 Proposed Utility Rates <br /> <br />Adjourn <br /> <br />