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<br />FISCAL IMPACT <br /> <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 /> <br />Respectfully submitted, <br /> <br />~ <br /> <br />David P. Culver <br />Director of Finance <br /> <br /> <br />Ju <br /> <br />~ <br /> <br />Nelson Fialho <br />City Manager <br /> <br />SR 06:259 <br /> <br />13 <br />