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WmM 30,1995 <br /> • <br /> The community service,and programs I have described above are Jus <br />• few of those which we provide to our citizens.Some,such as the long-awailed • <br /> completion of the new animal shelter or Me continued progress in development <br />• of Me-multi-mode transportation center,may not receive general Ind <br /> monks in 1947 but nonetheless represent important services and facilities for <br /> our citizens.Others,such as street and sidewalk <br /> system improvements.are neiMer glamorous nor rmyweira,vn amore <br /> msemial to maintain dle quality of life cherish. <br /> MAINTAINING ADEQUATE RESERVES <br /> With So many demanding needs place funds in Butood rma®ivpl planning Rquires i <br /> we build and own adequate Ra <br /> combine the am prow getRainy propose to <br /> • lillinafy_laurtd.In March of 190,1he City Council established a <br /> ' l Fund <br /> lion,by Nagnd.Whenised t�oiliSRAe Jana I Me,1REI t <br />• balance war E5102.000.In IS.1mough 1996.we added 51.33 mullion <br /> which,coupled wiM interest,brings die year-end balance m E1.51 <br /> million.To keep die City on tra. achieft we s%Baal M...l <br /> Pmpose to add%OUP.Me <br />. eeuee an Rainy Day El.hi <br /> wrepmuetm <br /> accounts for the pension <br /> ions of retired police <br /> and fire <br /> Iix city establisheda goal of fully Raiding each of ahthose <br /> Ihnds by the year 3019.We periodically receive actuarial=dies which <br /> mcommend funding levels for both of these Mntb.the proposed 1997 <br /> Wdget recommends funding each of these reserves at 120%of current <br /> reser <br /> at dant bah acumnits will be fay funded by 2013. <br /> reserves <br /> • fepAal FUNTTDw+veE.1 propose mcoal%algae. <br />• <br /> Mernment revenues to the unrestricted capital Dairy reserve fund <br />• which 985 been identified as Capital Improveman Program IV(Cw RI <br /> ru Inthe proposed 1991 Budget.ER of revenues or E1.53a.000 is placed ht <br /> 61/ <br />