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G�`OA and ICMA argues for planned <br />reserves for the following reasons: <br />* Revenue timing for property taxes <br />� Collection cycles for other funds to cover negative <br />�a�h f ��tiv <br />* Eliminate short-term borrowing for operations <br />* Reduce capital borrowing- <br />— spread costs to beneficiaries <br />Smooth out tax rates <br />* �r��r�t� �r�t�s# �arr�ir�g� <br />� �,n#ing���y f�� un��k��kpat�d �+�er�k� <br />. ' Sfl� IUY S� v,.r? „ __• �-Urin-q�7k�-1� <br />Recommendations <br />■ Refresh fund reserve goals for each operatingfund in the <br />City <br />— keeping in mind cash flow, revenue stream cycles, <br />contingency and capital replacement <br />* Continue strategic planning efforts currently underway as <br />planning is criticalto success <br />Develop plans to m��� goals end policies established <br />— Eliminate fund deficits <br />Considertax base and per capita income growth strategies <br />* Create flexibility and back-up plans for specific risks <br />, � . . . ��:�,�,�,•��{ <br />�� <br />