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56 <br />Fund Balance <br />Leave fund balance at current level <br />Current policy is to have fund balance <br />between 30% and 35% <br />Current fund balance of $1.3 million is <br />33% of the 2008 Operating budget <br />Adequate for the City & provide flexibility for <br />unforeseen expenditures <br />Liquor store revenues provide additional flexibility in <br />cash flow for the City <br />Future Levy Decisions <br />Chandler TIF District decertification <br />District expires at end of 2010 <br />Have additional $87,000 in taxes available <br />Council can wait until 2010 and decide what to do with <br />the increased tax capacity due to Chandler TIF district <br />being decertified <br />Options are to decrease levy or; <br />Levy this amount, possibly for capital equipment <br />certificate or improvements <br />