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3. Direct staff to come up with a savings plan built into the current budget to implement the plan in #2 above. Yes, <br />this means that we will need to increase revenue and control spending. We need to fund the liabilities that we <br />have accrued yet have not funded. <br />4. If council feels that using continually having a deficit net position is acceptable, then the public should know ... flat <br />out tell us. Are we OK in being one of the lowest financially stable cities? Again, let's be transparent about it if <br />we are... if we are not, then let's come up with a plan to improve ... year by year. <br />The above information can be seen in the city's June 30, 2022 Financial Statements on page 27 (See picture below ... this <br />is the summary in millions) and the second picture is the detailed Statement of Net Position on page 41. Many will focus <br />on the Total Net Position but as discussed above, this included restricted net position and the net investment in capital <br />assets. The more appropriate measure is the unrestricted net position. <br />