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<br />As with all budgeting decision, limited resources are available for allocation. In the General Capital <br />Improvement Fund, and the Infrastructure Fund, competing interests need to be prioritized to make sure <br />we are addressing the most important needs in a timely manner. <br /> <br />We haven’t updated the fund balance information as of this date given we just approved the audit at our <br />last Council meeting. Here is the General Fund surplus and the ending fund balances for the remaining <br />funds discussed above as of 12/31/15: <br /> <br />General Fund – Surplus of $197,211 (some of this may be transferred to the General Capital <br />Improvement Fund per city policy. <br /> <br /> Special Fund – P & R – $55,268 <br /> <br /> General Capital Improvement Fund – $1,022,156 <br /> <br /> 10% Fund – $86,054 <br /> <br /> Infrastructure Fund – $2,709,368 <br /> <br /> Park Land Acquisition – $923,490 <br /> <br />To help in programming priorities, attached is a listing from a 2012 Parks & Recreation Commission <br />meeting. We have noted those projects which are completed (or are nearing completion). The Parks & <br />Recreation Director may have additional updates in this regard. <br /> <br />For this first meeting, I would like to review the funds and discuss any questions you may have about <br />their utilization, the budget process, or any other budget related question. It would also be great if you <br />came to the meeting with possible projects that you feel we need to focus on that can become part <br />of the prioritization process. We can then hold a second meeting to further discuss priorities. Once <br />staff has your prioritized list, we will incorporate it into the preliminary budget document based on <br />available resources for staff’s recommendation to the Council. <br /> <br /> cc: Jim Morelan, Parks & Recreation Director