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<br /> SECTION IV <br /> CONCLUSION <br />FISCAL IMPACT <br />The fiscal impact of Council adopting staff recommendations has been described in detail in this <br />report. The result of Council taking these actions regarding the Operating Budget will be to <br />establish reserves for the purpose of funding future obligations and providing a level of comfort <br />for economic uncertainty. <br />For the CIP, the recommended actions will facilitate the completion of budgeted projects. There <br />is no significant fiscal impact beyond what has already been approved by the City Council when <br />the CIP budget was adopted. As was noted with the adoption of the CIP, there will be future <br />maintenance costs associated with the construction of the additional/expanded facilities and <br />infrastructure included, as outlined in the original Capital Improvement Program documents. <br />Respectfully submitted, <br />~~. <br />Susan Rossi Nelson Fialho <br />Director of Finance City Manager <br />SR 05:300 2\ <br />