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-------- e that the Cash Reserve was currently at $7.5 million when it should be at $9 million based on pre-Ballot Measure 5 programs, or at about $11 million to meet current needs. Responding to a question from Mr. Rutan, Mr. Wong said that about $3.5 mil- lion is going toward catching the City up on code and statutory compliance dealing with health and life safety issues and mechanical systems. Summarizing the discussion, Mayor Miller said staff should hold beginning working capital (including Ballot Measure 5 money) to $9 million and capital at $1.5 million and, taking today's council discussion into consideration, make adjustments accordingly. Mr. Wong asked the council to allow for staff creativity because he is con- cerned with property tax collection rates. Noting there is only a $.5 million difference between Options 3 and 4, Mr. Boles preferred Option 4 in order to best protect the City's physical infra- structure. Mr. Robinette agreed that if the $.5 million made a great differ- ence, council might want to spend it. Ms. Andersen said staff could provide information on the $.5 million differ- ences. Mr. Gleason said that the timing of projects provided some flexibili- ty. There was consensus to have staff work with Option 3, with the possibility of e Option 4, if the $.5 million trade-off makes a great difference. Mr. Gleason said Budget Committee members have been invited to Eugene Deci- sions workshops. He also encouraged councilors to communicate with other Budget Committee members. The council adjourned at 1:20 p.m. (Recorded by Yolanda Paule) MNCC 101691-11:30 e MINUTES--Eugene City Council November 6, 1991 Page 5