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- 41: :),YL / <br /> TO: Mayor & Council <br /> FROM: Don Brager, Finance Director - Treasurer <br /> DATE: January 3 , 1991 <br /> SUBJECT: Consideration of a Resolution Designating a Portion of <br /> the Fund Balance of the General Fund for Revenue <br /> Shortfalls <br /> During the 1991 budget process Council agreed to designate a <br /> portion of the fund balance of the General Fund for a possible <br /> shortfall in state aids. The attached resolution formalizes that <br /> by designating $130, 000 as a reserve for revenue shortfalls. <br /> Staff awaits Council direction on this matter. <br />