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Regular City Council Meeting Monday,April 18,2011 Page 14 Mayor Roe noted that, even if adopted tonight, revisions could be made to the resolution at any point in the future. Councilmember Willmus offered a friendly amendment to the motion to reduce the General Fund Reserve Policy to- 35%-50%. Councilmembers Johnson and Pust, as makers of the motion, accepted that friendly amendment to reduce the General Fund Reserve Policy to 35%-50%; with Mayor Roe therefore declaring that there was no need for a secondary mo- tion due to the support of the makers of the original motion. City Manager Malinen questioned Mr. Miller on what, if any, challenges that may present, such as implications on other funds also not meeting their reserves. Mr. Miller foresaw no significant challenges, with the City essentially borrowing reserve funds from other funds without a minimum, specifically the PMP. Discussion among Councilmembers and staff included monthly versus quarterly budget to actual financial reports, not balance sheets; requirement for annual pub- lication of a City financial statement; and whether to vote the issue up or down at tonight's meeting or hold further discussions, with the Council majority support- ing moving forward at this time. Councilmember McGehee advised that she would not be supporting the motion with the added amendment to reduce the General Fund reserve from the current 50%, opining that an adequate cushion was needed; and she saw no rationale in creating a perception that the City Council was doing a better job than it actually was. Councilmember McGehee opined that, if the City could not achieve sustai- nability by reducing expenditures, this was not an appropriate way to budget. Given the volatility of current economic conditions, Councilmember McGehee advised that she could possibly consider a reduction to 45%,but not to 35%. Roll Call (Motion, as amended) Ayes: Willmus; McGehee; Pust; Johnson; and Roe. Nays: McGehee. Motion carried. b. Discussion on Budget Program Descriptions Mayor Roe noted a number of non-tax supported programs currently without de- scription; further noting that, in his discussions with City Manager Malinen, De- partments had been tasked with and were currently completing those descriptions. With City Council concurrence, Mayor Roe suggested that after tonight's discus- sion, staff continue work on those descriptions for incorporation into the budget work plan.