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Staff Recommendation <br /> The Parkview is now requesting to withdraw an additional $701,935 from its operating <br /> reserves to cover its operating deficits in 2022. The cumulative amount of$890,049 that <br /> The Parkview is requesting to withdraw from its operative reserves now exceeds the <br /> City Manager's individual budget authority. Consequently, staff is recommending City <br /> Council to approve and allow The Parkview to withdraw the additional $701,935 from its <br /> operating reserve to cover its operating deficit. Staff believes The Parkview Team has a <br /> comprehensive and effective plan to ensure that the property will not have an operating <br /> deficit in the future. <br /> ub itte b : Fiscal Review: proved by: <br /> l _ <br /> Ellen Clark Susan Hsieh ,�j erry Beaudin <br /> Director of Director of Finance `�- C' y Manager <br /> Community Development <br /> Page 5 of 5 <br />