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Finance Director Lund replied that the City has two internal loans that are still being paid back <br /> with the land proceeds and advised that after those loans are paid, the funds will be allocated to <br /> park improvements. She noted that is the current policy but it can be changed with Council <br /> direction. <br /> Acting Mayor LeTourneau asked how and why the PIR fund strategy showed up in this <br /> discussion. <br /> City Administrator Ulrich explained that they did not want to lower the general fund budget that <br /> was allocated for streets and based on the discussion on road debt financing it was determined <br /> that this would be a good opportunity to utilize the PIR fund to allocate to the general fund. He <br /> stated that another funding source may be determined within the next year and until that time, <br /> this was found to be a good opportunity to use a small portion of the PIR fund to contribute. <br /> Acting Mayor LeTourneau asked and received confirmation that the use of the PIR fund was not <br /> intended to be perpetual funding but as a one-time funding source to offset some of the general <br /> fund expenditures. <br /> Finance Director Lund stated that the excess revenue transfer that goes into the PIR fund comes <br /> from the excess in the general fund at the end of the year and therefore some of the funds <br /> currently in the PIR fund have come from the general fund in the past. <br /> Councilmember Riley asked for additional information on MSA funds. <br /> Finance Director Lund stated that $140,000 to $150,000 is included in the budget annually from <br /> MSA funds to the general fund and is then applied to road projects that would be eligible for <br /> MSA funding. <br /> Councilmember Kuzma asked the comparison of the proposed levy to the 2018 levy. <br /> Finance Director Lund replied that the 2018 levy was 41.73 compared to the proposed 2019 levy <br /> of 41.72. She stated that all the options provided are at the same level or lower. <br /> Councilmember Kuzma referenced the discussion regarding whether to add one police officer or <br /> two officers. H stated that he would like to hold the ratio of 1,000 residents to each police <br /> officer and stated that the difference in adding the second police officer is only an increase of$7 <br /> per year for the average value home and believed that residents would find that to be a good <br /> investment. <br /> Finance Director Lund explained that the purpose of including the five-year budget is to show <br /> the impact of adding those personnel items going into future years. She noted that the fiscal <br /> disparities and TIF numbers are not yet finalized and are estimates from the County at this time <br /> until the final numbers are received. She provided a brief review of the other budget options. <br /> City Council Work Session /August 28, 2018 <br /> Page 2 of 8 <br />