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Motion carried. Voting Yes: Mayor Kuzma, Councilmembers Specht,Riley, Howell,Musgrove, <br /> and Woestehoff. voting No: Councilmember Heineman. <br /> 7.06: Adopt Resolution#21-073 Approving the Transfer of Excess General Fund Revenues <br /> to the Equipment Revolving Fund, Facilities Construction Fund, Capital <br /> Maintenance Fund and Public Improvement Revolving(PIR)Fund <br /> Finance Director Lund reviewed the staff report and recommendation that $1,376,214.72 be <br /> transferred f.-om the General Fund to the Equipment Revolving Fund in the amount of <br /> $412,8 64.42, the Capital Maintenance Fund in the amount of $412,8 64.42, the Public <br /> Improvement Revolving Funds in the amount of$412,864.42 and the Facilities Construction Fund <br /> in the amount of$137,621.46 per the allocation of excess revenue/deficient policy. <br /> Councilmember Musgrove stated that she did not fully understand the statement related to Council <br /> discretion. <br /> Finance Director Lund replied that this action is through resolution and the Council would have <br /> the discretion as to how to use funds in the 2022 budget discussions. She stated that the capital <br /> equipment is currently funded through the Equipment Revolving Fund, which is why a larger <br /> portion has been proposed to transfer to that account through the City's policy. She stated that all <br /> these funds are eligible for discussion as to how the funds can be used. She commented that these <br /> are not restricted funds and the Council has the ability to change the allocation to fit the needs of <br /> the City at that time. <br /> 1'. <br /> Cou' ncilmember Musgrove asked if these funds are the only eligible funds for distribution. <br /> Finance Director Lund replied that if the Council would like to change the allocation, it could <br /> adjust that through resolution. <br /> • F'. <br /> Councilmember Musgrove stated that she would like to see additional allocation towards road <br /> funding. She noted that in 2016, the roads were being bonded for and the focus seemed on the <br /> Capital Maintenance Fund which she believed is for parks. F. <br /> Finance Director Lund replied that the Capital Maintenance Fund is used for any large capital <br /> maintenance needs throughout the City and provided examples. <br /> City Administrator Ulrich commented that the fund can be used for capital maintenance within <br /> parks as well. <br /> j <br /> Councilmember Musgrove commented that she would like to see more funds allocated to the PIR <br /> Fund for road funding but was unsure if that would be the appropriate fund. <br /> F <br /> Finance Director Lund confirmed that there is the Pavement Management Fund. She explained <br /> that the PIR Fund is used for overall road improvements whereas the Pavement Management Fund <br /> Fu <br /> City Council l March 23, 2021 <br /> Page 21 of 24 <br /> F'Y' <br />