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F. 17i, <br />COUNCIL MINUTES Novemer 28, 2011 <br />DRAFT <br />46 November 7, 2011 Council Work Session <br />47 Minutes Approved <br />48 <br />49 November 14, 2011 City Council Meeting <br />50 Minutes Approved <br />51 <br />52 November 14, 2011 Canvassing Board Minutes Approved <br />53 <br />54 Resolution No. 11 -119, Authorizing the Transfer of <br />55 Funds from the Area and Unit Fund to the 2003A G.O. <br />56 Improvement Bond Debt Service Fund Approved <br />57 <br />58 Resolution No. 11 -120, Authorizing the Transfer of <br />59 Funds from the Area and Unit Fund to the 2005B G.O. <br />60 Improvement Bond Debt Service Fund Approved <br />61 <br />62 Resolution No. 11 -121, Authorizing an Interfund Loan <br />63 from the Sanitary Sewer Fund to the 2005A G.O. <br />64 Improvement Debt Service Fund Approved <br />65 <br />66 Resolution No. 11 -122, Approving Transfers for <br />67 Installment Payment on Interfund Loan for Recreation <br />68 Complex Land Approved <br />69 <br />70 FINANCE DEPARTMENT REPORT, AL ROLEK <br />71 <br />72 2A, Approval of Fund Balance Policy — GASB Statement #54, Governmental Fund Balance <br />73 Reporting and Governmental Fund Type Definitions — Finance Director Rolek explained that the <br />74 statement is intended to increase the usefulness of fund balance information by providing clearer <br />75 information that is more consistent to all governments. Staff has prepared a fund balance policy that <br />76 complies with the statement requirements. The policy has been reviewed by the city's auditor. He <br />77 noted that, based on council discussion at the work session previous to the council meeting regarding <br />78 this item, the fund balance figure has been changed. <br />79 <br />80 Council Member Rafferty moved to approve the Fund Balance Policy as presented. Council Member <br />81 Roeser seconded the motion. Motion carried on a unanimous voice vote. <br />82 <br />83 ADMINISTRATION DEPARTMENT REPORT <br />84 <br />85 3A, Public Hearing and First Reading of Ordinance No. 22 -11, approving the 2012 City Fee <br />86 Schedule — City Clerk Bartell noted that For efficiency and clarity, city fees are consolidated into one <br />87 schedule that is adopted annually. The 2012 proposed fee schedule is before the council and <br />88 it includes two staff recommended changes that are noted in red in the ordinance. The changes are in <br />2 <br />• <br />• <br />• <br />