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Councihncmber Strommen indicated that equipment was purchased for citywide use. <br /> <br />Financc Officer Lund explained the equipment is paid for and the depreciation each year goes <br />back into the Equipment Replacement Fund. <br /> <br />Councihncmbcr Strommen inquired if the Park Maintenance Fund would be able to receive <br />outside money, such as fi'om grants. <br /> <br />Financc Officer Lund responded in the affirmative. <br /> <br />Motion by Councilmember Zimmemaan, seconded by Councilmember Strommen, to recommend <br />that the City Council attthorize the transfer of the General Fund Excess Revenues to the <br />Eqtfipment Revolving Fund, the Facilities Construction Fund and the Public Improvement <br />Rcvolving Fund at the stated amounts with the understanding that the amount cmTently <br />transferred to the Equipment Revolving Fund will be transfeiTed to a Park Maintenance Fund <br />oncc it is established. <br /> <br />Motion carried. Voting Yes: Chairperson Elvig, and Councilmembers Zimmerman and <br />Strommen. Voting No: None. <br /> <br />COMMITTEE INPUT <br /> <br />Councihncmbcr Zimmerman asked if there will be a meeting with Connexus to discuss the <br />dcficit water charges. <br /> <br />I;inancc Ofliccr Lund replied Public Works Director Kapler was in contact with Larry Peterson <br />of Connexus last week who indicated the notice was too short to meet on the suggested Friday. <br />Staff has not hcard l'rom Connexus again to schedule another meeting. <br /> <br />Chairperson Elvig directed Director of Public Works Kapler to contact Cormexus to set up <br />another meeting. He noted the longer the situation continues the tougher it will be to resolve. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Zimmerman, seconded by Councilmember Strommen, to adjourn the <br />meeting. <br /> <br />Motion carried. <br /> <br />Finance Committee/April 27, 2004 <br /> Page 8 of 9 <br /> <br /> <br />