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36 <br />37 <br />38 Staff discussed the options for refunding water meter deposits with the Finance <br />39 Commission at their June 13 meeting. The commission unanimously endorsed the transfer <br />40 of money from the sanitary sewer fund to the water fund. <br />41 <br />42 Policy Objectives <br />43 To refund water meter deposits based on changes made to Chapter 801.10 of the Roseville <br />44 City Code. <br />45 <br />46 Equity Impact Summary <br />47 There are no anticipated equity impacts. <br />48 <br />49 Budget Implications <br />50 As noted above. <br />51 <br />52 Staff Recommendations <br />53 Staff recommends transferring money from the sanitary sewer fund to the water fund, so <br />54 refunds of the water meter deposits could occur in the fourth quarter of 2024. <br />55 <br />56 Requested Council Action <br />57 Approve the transfer of funds from the sanitary sewer fund to the water fund in the amount <br />58 of $1.446 million to enable the refunding of water meter deposits in the fourth quarter of <br />59 2024 through a credit on the utility bills. <br />60 <br />61 <br />Michelle Pietrick, Finance Director <br />Prepared by: <br />1. City Council Meeting Minutes March 18, 2024 <br />Attachments: <br />2. Finance Commission Meeting Minutes June 13, 2024 <br />62 <br />Page 2 of 2 <br />Qbhf!28:!pg!345 <br /> <br />