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Transferring the airport reimbursement to this fund would result in a fund <br />balance of $54,286 prior to addition of 1992 revenues. It is near impossible to <br />forecast what 1992 revenues might be, but once this fund balance reaches <br />$100,000 and enjoys the interest earnings for same, the City will be in a <br />position to fund an increased deductible. <br /> <br />Staff Recommendation: <br /> <br />It is recommended the Budget Committee direct the Finance Office to prepare a <br />confirming resolution transferring the airport reimbursement to the City's <br />Self-funding Insurance Internal Service Fund. <br /> <br />Budget Committee Action: <br /> <br />To direct the Finance Office to prepare a resolution for the next Council agenda <br />which transfers 1992 airport reimbursement received in the amount of $35,550 <br />to the City's Self-funding Insurance Internal Service Fund. <br /> <br />Review Checklist: <br /> <br />Copy also distributed to: <br /> <br />City Administrator <br />Finance Officer <br /> <br />Personnel Coordinator <br /> <br />BC: 05/26/92 <br /> <br /> <br />