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<br />~ <br /> <br />-2- <br /> <br />Discussion <br /> <br />. <br /> <br />The attached revised policy #13 addresses the growth calculations, defines the term "target <br />growth rate", and makes some minor language changes relative to grants vs non-reimbursable <br />investments. Also attached are two graphs, one showing the combined fund equity of the <br />Construction Fund and Perpetual Base Account, and the other showing the growth of each fund <br />separately, <br /> <br />Recommendation <br /> <br />Staff recommends that the Board adopt the attached revised version of Financial Policy #13, <br /> <br />. <br /> <br />. <br /> <br />Flood Protection. Water Project Planning and Financing. Stream and Lake Protection <br />Water Supply Protection. Conservation Planning <br />