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Attachment A <br />93 <br />94 Ms. Pietrick indicated she would prefer to clean this up before the end of the year. <br />95 <br />96 Commissioner Bester asked if this put the City in any kind of jeopardy with the cash positions, <br />97 general fund cash or does it help. <br />98 <br />99 Ms. Pietrick indicated the City is at roughly forty-seven percent right now through the end of the <br />100 year and the City also has excess money in the excess cash reserve. Some of that is being used <br />101 for the 2023 budget. <br />102 <br />103 Chair Davies indicated her preference would be to take it out of excess cash reserve fund. She <br />104 asked if the PMP fund is running out of money. <br />105 <br />106 Ms. Pietrick indicated there is enough money in the PMP fund for approximately ten yearsÓ <br />107 worth or projects, if not longer. It would make that fund whole cash wise. <br />108 <br />109 Commissioner Murray thought transferring the funds would be the way to do it. He noted he <br />110 emailed Chair Davies that this problem should not have occurred because he thought the Council <br />111 should look ahead and if something is going to be done, funding for it should be provided. <br />112 <br />113 Chair Davies wondered how the shortfall happened. <br />114 <br />115 Commissioner Murray reviewed the history of this shortfall with the rest of the Commission. <br />116 <br />117 Ms. Pietrick reviewed with the Commission the purchase of the shopping center and the <br />118 intention of the City for the purchase. <br />119 <br />120 Commissioner Murray made a motion, seconded by Commission Sagisser to transfer funds from <br />121 the Excess Cash Reserve fund to the PMP fund. The motion passed unanimously. <br />122 <br /> <br />