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cashflow requirement (timing issue) of the capital expenditures and <br /> the Operating Budget savings. <br /> C. Use the BM #5 Transition Reserve to fund the capital improvements; <br /> this would reduce the Reserve balance to $166,775. <br /> I recommend a combination of the above three options for financing the capi- <br /> tal improvements as follows: <br /> 1. Issue interfund loan of $340,000 from Fleet Fund to General Capital <br /> Projects Fund to implement the improvements in FY93. <br /> 2. Use General Fund Operating Budget savings to repay interfund loan over a <br /> period of two years, beginning in FY93. <br /> 3. Have the Transition Reserve serve as secondary security to the interfund <br /> loan repayment. <br /> 4. Sell Lincoln Street site and place proceeds in Transition Reserve. <br /> ACTION REQUIRED <br /> 1. Approval of $800,000 Organizational Efficiencies Concept /Process. <br /> 2. Approval on financing strategy for capital improvements. <br /> cc: C. Andersen <br /> W. Wong <br /> B. Schutz <br /> B. Hammitt <br /> R. Ellis <br /> B. Bellamy <br /> D. Raile <br /> C. Kofford <br />