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City Council Study Session IYlonday, .Tiny 16, 2007 Page 8 of researching and updating comparison rates in other commu- nities to provide a norm, and anticipated bringing that updated information and more solid research to the City Council in No- vember of this year. Depreciation Mr. Johnson brought forward an additional. non-agenda item re- lated to asset depreciation to equalize future needs and legacies. Mr. Johnson opined that, as responsible servants of the commu- nity and looking to future generations, it was imperative that the City provide n annual sinking fund for equipment and facilities; and opined that had this been done initially, the department wouldn't be facing annual budgetary spikes. Mayor Klausing concurred, and noted that Finance Director Chris Miller proposed depreciation schedules for park equip- ment and facilities. Councilmember Pust noted the balance in current needs versus future needs, and how setting aside funds for future improve- ments impacted current needs; emphasizing the need for de- fined revenue sources, and expressing appreciation to the Commission for taking that initiative in identifying potential options. Councilmember Kough asked due diligence from the Commis- sion and department to ensure that safety was a number one priority for City equipment and facilities. Mayor Klausing thanked the Commission for their succinct and organized presentation and on behalf of the City Council, staff and citizens, for their continuing work on behalf of the City of Roseville and its Park and Recrea- tion Department. b. Update -Update on the Imagine Roseville 2025 Process Presentation City Manager Malinen provided a brief overview of the Imagine Roseville 2025 Goals and Strategies recently detailed by staff through initial brainstorming sessions on the public input provided during the