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<br />ALTERNATIVES: <br /> <br />There are many alternative directions the City Council could choose. <br /> <br />FINANCE COMMITTEE RECOMMENDATION: <br /> <br />This item is being considered by the Finance Committee on May 24 for conceptual approval only. <br /> <br />RECOMMENDATION: <br /> <br />We are recommending that the City Council tentatively approve the following for inclusion in the FY 1999-00 <br />budget scheduled for adoption on June 22, 1999: <br /> <br />1. The strategy to reduce debt as described in this report and the attachments; <br /> <br />2. The additions to the budget for service and equipment items with any necessary revisions; <br /> <br />3. A policy to maintain a balance of $5.0 in the General Fund with any funds above that amount going into a <br />Facilities Improvement Fund. <br /> <br />Prepared by: <br /> <br />Approved by: <br /> <br />John F. Pietig <br />Budget Director <br /> <br /> <br />~8. ~L <br />J E. Holmes <br />City Manager <br /> <br />ffV <br /> <br />Larry Paulsen <br />Assistant City Manager <br /> <br /> <br />21c-2 <br />