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itself, but is always in the cost of trucking and handling; there is very little 89 intrinsic value in the dirt in its original place. Councilman Granger at this point said he would like to second Councilman Bury's motion. There was further discussion to clarify the intent, after which, Councilman Petersen moved to take an additional $25,000 out of Sales Tax Capital Budget and deposit it in the General Budget, remove the $25,000 of the General Fund money from the Emergency Fund. Councilman Bury discussed thae conservative revenue estimates shown in the Budget and suggested that our actual receipts would be above the estimates and would, therefore, automatically provide a cash reserve from which the Council could make any needed transfers without appropriating reserves in advance which would have to be raised on the Tax Rate. Councilman Petersen's motion was withdrawn after a suggestion that there be two motions, each to deal with the separate facets of the question being discussed. Councilman Bury moved that the proposed $125,000 Reserve be reduced to $50,000., seconded by Councilman Petersen and carried on roll call vote, Councilmen Bury, Granger, Henderson, Petersen, and Mayor Herkner voting yes, Councilman Keckley voting no, Councilman Rosselli noted absent. (MINUTE ORDER #67-107) Councilman Bury moved to replace $25,000 in the Emergency Reserve from the Sales Tax instead of from the General Fund, seconded by Councilman Petersen. Councilman Keckley stated that he preferred to stay with the present allocation of Sales Tax funds. Councilman Petersen stated that this Sales Tax allocation can be justified as being a part of a Capital Improvement. The Council asked for further explana- tions as to the nature and use of the Reserves, and on the advice of the City Managor, the entire Reserve appropriations were recapitulated in the following motion; Councilman Bury moved to approve a General Reserve of $250,000; an Emergency Reserve of $150,000; a Budgeted Reserve of $50,000, of which $25,000 shall be from the Sales Tax Fund, seconded by Councilman Petersen. Councilman Keckley protested that this action would set our Reserves at too low a figure. Mayor Herkner stated that while he would rather be able to reduce the operating expenses of the City sufficiently to offset the increase in costs, it appeared to be impossible to cut this deeply, and he, therefore, saw no choice but to cut the Reserves. Councilman Petersen asked if the City Council could appropriate from Sales Tax to meet an emergency situation if one occurred during the next fiscal year, and was assured by the City Attorney that this could be accomplished by Ordinance. (MINUTE ORDER #67-107) Motion carried on roll call vote, Councilmen Bury, Henderson, Petersen and Mayor Herkner voting yes, Councilman Granger and Keckley voting no and Councilmen Rosselli being noted absent. Councilman Bury moved to adjourn to May 31, 1967, Community Activities Building, 1400 Roosevelt Avenue, 7:30 P. M., seconded by Councilman Petersen and carried. Meeting adjourned at 10:30 P. M. VZ HELEN C. MOORE, City Clerk 89 MAY %.'4 '67