Laserfiche WebLink
WS – Item #3 <br /> <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 3 <br /> <br /> <br /> <br />Date: October 6, 2014 <br /> <br />To: City Council <br /> <br />From: Jeff Karlson <br /> <br />Re: Fund Reserves <br /> <br /> <br />Background <br /> <br />During the September 22nd work session, the Council directed Finance Director Al Rolek <br />to prepare a listing of the year-end cash and investment balances for each fund for the <br />years 2008 and 2013. Al’s report is included in the packet. <br /> <br />The cash and investment balance for each fund is color-coded to show which funds are <br />related. For example, the debt service funds for Lease Revenue 1998A and GO CIP <br />2006E are highlighted in yellow because the 2006E bond refinanced the 1998A bond. <br />The balance of the 1998A bond was transferred to the 2006E fund. Likewise, the debt <br />service funds highlighted in light green were all closed to the Closed Bond Fund. <br /> <br />Mr. Rolek will not be at the meeting Monday night, but I’ll try to answer any questions <br />the Council may have regarding the fund reserves. <br /> <br />Attachments <br /> <br />Al Rolek’s September 22, 2014 Memo Re. Cash Reserves <br />Cash Reserve Analysis by Fund <br />Interest Income by Fund <br />