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to be used for labor costs. Hence resolution needed with council 5 votes, for two- year use, giving staff direction to make changes. FY 2017-18 Identified Priorities: Items listed intended to provide information as discussed and available for council consideration; but not currently part of the budget. Budget gap would increase if included. Generating additional revenue or major cost reduction would need to be discussed for FY 18/19. Seeking committee direction on whether you want to go with base budget or put in any of the other items. Mayor Pro Tem Martinez stated Smart Cities concept: "Smart cities" solutions use advanced information and communication technologies to collect, communicate, and analyze data to improve the design and operations of a city's core systems and programs, as well as citizen engagement, for greater efficiency and effectiveness, thus improving the city's sustainability, resilience, bottom line and quality of life. How we transition with park ranger program has been asked for by community and should be put down on list. More plan checkers and inspectors in planning working with developers by hiring staff to help capture and recover costs and generate monies:. Email will be sent with list of items for consideration. 6. Discuss Revisions to Budget and Fiscal Policy (Strategic Plan No. 4, 1d) - (FMSA) Francisco Gutierrez provided presentation on Budget & Financial Policy. Current policy adopted in 2012 was developed for dealing with recession of 2008 and City shortfalls. Timeline of 2006 to 2012 reviewed. Current reserve level goals and value were also reviewed. Reserve levels are based on year-end operating expenditures. As the budget grows, you're chasing the 20%. Operating reserve cannot be used to cover budgetary shortfalls unless approved by 2/3 vote of the City Council. Robert Cortez added: Two year plan to insure sustainability. If council choses by 2/3 vote to use operating reserve, the fiscal policy would then require the council to develop a two year plan. This would then replenish and achieve 20% reserve goal over a two year period. Committing to be fiscally prudent to raise enough funding or savings to get reserves back to 20%. Councilmember Sarmiento inquiring if declaration of fiscal crisis required, but not stated in policy. Would like staff to check with City Attorney's office if language for declaration of crisis included. Mayor Pro Tem Martinez would only support one time use of funds for resolution; not for ongoing costs. Economic Uncertainty minimum reserve level ranges from 1% to 10% of general fund revenues; current balance is $3.8M, a little over 1.5%. Economic Uncertainty can be used to balance the budget upon determination of a structural deficit by a May 15, 2017 1 Economic Development, Infrastructure, Budget & Technology Minutes 13A-9