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CC Regular Session <br />Meeting Date: <br />Primary Strategic Plan Initiative: <br />5. 16. <br />03/10/2026 <br />Title: <br />Adopt Resolution #26-071 Approving the Transfer of Excess General Fund Revenues to the Equipment Revolving <br />Fund, Facilities Construction Fund, Capital Maintenance Fund, and Public Improvement Recolving (PIR) Fund <br />Purpose/Background: <br />The City Council originally adopted a policy on February 22, 1994, known as the Excess Revenue Policy <br />(Resolution #94-02-045-Resolution Establishing a Financial Policy for the Purpose of Allocation of <br />Excess/Deficient General Fund Revenues) with the last amendment of this policy occurring on November 26, <br />2024 (Resolution #24-331) a copy of which is attached. <br />The Excess Revenue Policy states that the fund balance will be at 50% of the next year's operating expenditures, <br />plus any encumbrances (the compensated absences addition was removed). After meeting these fund balance <br />requirements at year -ending, December 31, 2025, $1,437,421.39 ($1,319,846.67-2024) remained as excess <br />revenues to be transferred from the General Fund. The majority of the excess was a direct result of the removal of <br />carrying the compensated absences as part of the 50% fund balance total. <br />As stated in the policy, transfers from the General Fund would be as such: <br />Facilities Construction Fund (10%) <br />Equipment Revolving Fund (30%) <br />Capital Maintenance Fund (30%) <br />Public Improvement Revolving (PIR) Fund (30%) <br />$143,742.13 <br />$431,226.42 <br />$431,226.42 <br />$431,226.42 <br />Recommendation: <br />Staff recommends that $1,437,421.39 be transferred from the General Fund to the Equipment Revolving Fund in <br />the amount of $431,226,42, the Capital Maintenance Fund in the amount of $431,226.42, the Public Improvement <br />Revolving Fund in the amount of $431,226.42 and the Facilities Construction Fund in the amount of $143,742.13 <br />per the Allocation of the Excess Revenue/Deficient policy <br />Outcome/Action: <br />Motion to adopt Resolution #26-071 Approving the Transfer of Excess General Fund Revenues to the Equipment <br />Revolving Fund, Facilities Construction Fund, Capital Maintenance Fund and Public Improvement Revolving <br />(PIR) at the stated rates. <br />Res #24-331 Excess/Deficit Revenue Policy <br />Reso #26-071 Transfer of 2025 Excess Revenue <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Brian Hagen Brian Hagen 03/05/2026 11:21 AM <br />Form Started By: Diana Lund Started On: 02/19/2026 11:06 AM <br />Final Approval Date: 03/05/2026 <br />