2.03.001_Graton Mitigation Reserve Fund PolicyCITY OF ROHNERT PARK
CITY COUNCIL POLICY
SUBJECT/TITLE: POLICY NO: APPROVED BY: APPROVAL DATE:
GRATON MITIGATION RESERVE
FUND
2.03.001 ☐ RESO NO:_________________
☒ MINUTE ORDER
JUNE 13, 2017
Page 1 of 2
1. PURPOSE
The purpose of this policy is to establish The City of Rohnert Park Casino Mitigation Reserve Fund. This
policy will support decisions relating to the scale of the reserve fund and the use of these funds.
2. POLICY
To set aside sufficient savings to guard the City from cash flow interruptions due to unanticipated
changes to mitigation contributions provided by the Graton Mitigation Fund, the City establishes the
following Reserve Policy for Casino Mitigation Recurring Funds:
1. The Casino Mitigation Reserve Fund balance target is established at four million dollars
($4,000,000), which is approximately one-half of the expected annual revenue of guaranteed
Graton Mitigation Fund recurring contributions provided by the Memorandum of
Understanding between the City of Rohnert Park and the Federated Indians of Graton
Rancheria, referenced in the Background section below.
2. City may transfer with appropriations fund balance from the Casino Mitigation Recurring
Contributions Budget into the reserve account until the target is met.
3. City Manager may authorize transfer of any Casino Mitigation revenue exceeding
expenditures, after the payment of debt service and on-going capital costs, into the reserve
account. Transfer must be consistent with budget policies and procedures.
4. Allowable uses of Casino Mitigation Reserve Funds are as follows:
a. Two million dollars ($2,000,000) of the Casino Mitigation Reserve Fund shall be set
aside for Casino Mitigation project operations, in the event of:
i. Sudden or unexpected reductions in Graton Mitigation Fund and/or Tribe
contributions; or
ii. Unexpected increases in Casino-impact mitigation needs.
b. One-time projects which avoid or mitigate Casino-related impacts in the City of
Rohnert Park.
5. To manage the productive use of assets and to minimize the impacts of inflation upon these
reserve funds, amounts in the reserve may be deposited or invested, consistent with the
City’s Adopting Investment Policy for Idle Funds (2.01.004) and other applicable government
code, fiscal policies, and procedures.
6. Casino Mitigation Reserve Fund balance may fluctuate above and below the four million
dollar target to facilitate the allowable uses described above.
CITY OF ROHNERT PARK
CITY COUNCIL POLICY
SUBJECT/TITLE: POLICY NO: APPROVED BY: APPROVAL DATE:
GRATON MITIGATION RESERVE
FUND
2.03.001 ☐ RESO NO:_________________
☒ MINUTE ORDER
JUNE 13, 2017
Page 2 of 2
3. Background
The terms and uses of the contributions provided by the Graton Mitigation Fund are provided in the
First Amended and Restated Memorandum of Understanding by and between the City of Rohnert Park
and the Federated Indians of Graton Rancheria, effective as of April 17, 2013.
REVISION HISTORY:
JUNE 13, 2017: ORIGINAL ADOPTION OF CASINO MITIGATION RESERVE FUND POLICY.