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Motion carried. Voting Yes: Mayor Gamec, Councilmembers Zimmerman, Strommen, Cook, <br />Kurak, and Pearson. Voting No: None. Absent: Councilmember Elvig. <br />COUNCIL BUSINESS <br />Case #1: Report from Personnel Committee <br />1) Accept Resignation of Public Works Mechanic and Authorize Staff to Begin the <br />Recruitment Process for a Public Works Mechanic <br />Human Resources Manager Reed explained the Public Works Mechanic, Brian Ihnot, resigned <br />from his position effective October 26, 2004. Staff is recommending that Mr. Ihnot's resignation <br />be accepted. Staff further recommends that the City Council grant authorization to begin the <br />recruitment process to hire a Public Works Mechanic. <br />Motion by Councilmember Pearson, seconded by Councilmember Cook, to ratify the <br />recommendation of the Personnel Committee and to accept Brian Ihnot's resignation from his <br />position as Public Works Mechanic effective October 26, 2004, and to grant authorization to <br />begin the recruitment process to hire a Public Works Mechanic. <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Pearson, Cook, Kurak, <br />Strommcn, and Zimmerman. Voting No: None. Absent: Councilmember Elvig. <br />Case #IA: Report from Finance Committee <br />1) Amendment to Financial Policy for Purpose of Allocation of Excess/Deficit General <br />Fund Revenues <br />Finance Officer Lund explained there is currently a financial policy in place for the purpose of <br />the allocation of the excess/deficient General Fund Revenues remaining at year end. The policy <br />takes into consideration that the General Fund balance is to be an amount equal to 60 percent of <br />the next year's adopted General Fund Budget. If there are funds remaining, or a deficit exists, the <br />following City Funds would share the allocation. The funds and their respective share are as <br />follows: <br />Equipment Replacement Fund - 10% of excess/deficit <br />Public Facilities Construction Fund - 40% of excess/deficit <br />Public Improvement Revolving Fund - 50% of excess/deficit <br />Finance Officer Lund explained that in April 2004, the City Council made the motion to <br />distribute the excess revenues in the following manner to reflect current funding needs of the <br />City: <br />Equipment Replacement Fund - $65,098.59 (Transfer to Future Park Fund) <br />Public Facilities Construction Fund - $485,887.35 (City Hall) <br />Public Improvement Revolving Fund - $100,000 (Park & Ride) <br />City Council/October 26, 2004 <br />Page 4 of 15 <br />