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DISCUSSION - USE OF UNSPENT FUNDS FROM THE PRIORITY 1 RESERVES
recommended action
RECOMMENDATION
Discussion item only.
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Summary
At the Council meeting on November 16, 2021, the City Council discussed Agenda Item 15.1 - Accept the Fiscal Year 2020-2021 Fourth Quarter Budget Status Update, Authorize Budget Amendments, and Make Allocations to General Fund Reserve, and reduced the funds allocated to the Reserve accounts by $10,200,000 for discussion by the Budget/Finance/Economic Council Committee.
The committee will discuss the use of unspent funds from the following:
Priority 1 Reserves
Working Capital $5,000,000
Known Contingency $5,000,000
Program/Project Category
Pools $ 200,000