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51 52 The City Council is asked to provide its goals & objectives for the 2023 Budget and Tax Levy. This is a 53 critical step in the budget process as it will be used to guide the City Manager Recommended Budget, 54 and will ensure more clear and timely communications with citizens and other property taxpayers. 55 56 While these goals and objectives can be fairly broad in scope and still remain purposeful, greater impact 57 will be created if the Council establishes more defined goals in three key areas: 58 59 1) The desire for changes in programs or service levels (i.e. are the condition of city streets 60 or public safety-related services acceptable?) 61 2) The need to establish new programs or initiatives(i.e. are there any unmet needs that 62 should be addressed?) 63 3) The acceptable level of property tax and fee impacts on homeowners(i.e. given the 64 programs and services we aspire to, is the associated burden on homeowners acceptable?) 65 66 Finally, Staff will remind the Council of the status of the unrestricted cash reserve levels in the City’s 67 discretionary operating funds as of 12/31/21 including the transfers of ‘excess cash’ into the established 68 Cash Reserve Fund. 69 12/31/2021 12/31/2021Less Available 12/31/2021 CashFromCashReserve Operating Fund ReservesDonationsReservesLevel (1)General: Primary $ 8 ,938,881$ (19,618)$ 8,919,26347% (2)General: Cash Reserve Fund 706,946 - 706,946 Parks & Recreation 1,923,773 (323,085) 1,600,68830% (3)Communications 94,607 - 94,60718% (4)Information Technology 35,369 - 35,3694% (5)License Center 245,624 - 245,624 11% Cash Reserve Target Levels TargetTarget Operating FundLowHigh General (unrestricted portion)35%50% Parks & Recreation20%30% Communications10%30% Information Technology10%15% License Center10%15% Percentages reflect the amount of cash holdings relative to the operating budget 70 71 72 The Council is reminded that the cash reserve levels depicted above represent a snapshot in time and 73 are fluctuating on a daily basis. They are not an indication of what our reserve levels will be at year- 74 end. With regard to the monies held in Cash Reserve Fund, the City Council can determine whether 75 they want to redeploy the funds for budgetary purposes or retain for other priorities and service 76 delivery. 77 P OLICY O BJECTIVE 78 Establishing City Council budgetary goals fosters greater community awareness and understanding of the 79 financial commitments necessary to provide programs and services. It also lays the foundation for the Page 3 of 4