Laserfiche WebLink
41 $162,207 from Parks & Recreation fund to the cash reserve fund <br />42 $327,318 from License Center fund to the cash reserve fund <br />43 <br />44 <br />45 <br />46 Policy Objectives <br />47 It is recommended that the City adhere to its established fund reserve policies both in the movement of <br />48 excess cash reserves and in the maintenance of minimum balances. <br />49 <br />50 Racial Equity Impact Summary <br />51 There is no direct equity impact to the fund transfers recommended in this staff report. <br />52 <br />53 Budget Implications <br />54 See above. <br />55 <br />56 Staff Recommendations <br />57 Staff recommends the City Council receive the 2023 Cash Reserve Fund report showing the transfer in <br />58 of $489,525 to the Cash Reserve Fund and make a motion authorizing those transfers from the Parks & <br />59 Recreation fund and the License Center fund. <br />60 <br />61 Requested Council Action <br />62 Motion to receive the 2023 Cash Reserve Fund report showing the transfer of $162,207 from the Parks <br />63& Recreation fund and $327,318 from the License Center fund to the Cash Reserve Fund. <br />64 <br />65 <br />Michelle Pietrick, Finance Director <br />Prepared by: <br />1. Operting Reserve Policy <br />Attachments: <br />2. 2023 Unaudited Cash Reserves <br />66 <br />Page 2 of 2 <br />Qbhf!28!pg!241 <br /> <br />