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I I I ! I I I I I I I ! I I e) f) g) C~misSi(,ner Bauerkemper pointed out that the charter also say that f~i~ to do so does not invalidate the budget. C~lssloner Ga/nec stated that this requirement may not coincide with est&bl~.shed p~blication dates of the City Newsletter. The city may be for=ed'to publish a monthly newsletter to meet publication requirements setI forth in the charter. This could be expensive and create a need to raise levy limits; and because the charter requires the newsletter the coUnci% will have automatic authority to raise the levy limit. C~misSion consensus is to leave Section 7.06.02 as is; the proposed bu~etiwill certainly be in draft form two weeks prior to adoption, which is all the charter requires. Section 7.07.02 - Commissioner Greenberg stated that Staff feels that 4%~rt~.ent heads should be covered so that they can spend for necessary itmms Sf funds run out. Cha'irm~n Heitman stated that the recent rewording in 7.07.01 addresses Staff'~ concerns with 7.07.02. Se~.ti°~ 7.08 - Cc~-~issioner Greenberg stated that City Accountant told h~ t~t at the time the budget is adopted, Staff does not know if there iS '~anyI fund balance left from the previous year; they don't obtain that i~£o~tion until later in the year; when they find it can they spend it? Co~ iS~ion consensus is that in Section 7.08 , ~th references to 'emt~ted receipts' should be changed to 'estimated funds available'. ~e~ti~ 7.09 - Cc~missioner Greenberg stated that the City Administrator rS~nded deleting this section completely. ~e City Administrator fe~ls i~he City should be able to borrow from trust funds; why go outside th~ C~ty to borrow and pay interest? If it is a lengthy loan, the general f%u~ ~hould pay interest to that trust fund it borrowed from. ~mi~sioner Bauerkem~er stated that the Cb~cer Commission and City ;~ting differ on the definition of trust funds. The charter allows iRter~und loans ~except in trust funds because they are there for a reason. -C~i~sioner Sieber stated that it could lead to trouble if we got a !~ber.~ council that borrowed unwi~ely with no concern for payback; do~ ag~.ee that the city should be able to make loans from within. C~miSsioner Data if it were allowed to borrow from a trust fund, it ~dlhave to be in a way that would not ~iolate that trust fund purpose; O~ W~,'Y is to require payback in such a ~ime framework that when the money i~~ needed, it is there. Cx~mniSsioner Sieber agreed with Commissioner Bauerkemper; if that is not ~i~t it is intented for, why does the City call it a trust fund? A t~st'~fund is sacred and if the city wants that money, don't put it in ~he tTust fund. Agency funds are fair game if they are done by ordinance. ~tio~ by Commissioner Bauerkemper to leave section 7.09 as is. :~otion b7 Commissioner Sieber to amend Commissioner Bauerkemper's motion CC/December 8, 1983 Page 7 of 8