Update financial policies governing city cash reserves and debt management
Resolution 108-25
In Plain English
The city reviews its financial policies annually to ensure sound money management. Current policy requires keeping 21% of next year's budget as emergency reserves. City Council must approve any use of reserves for one-time emergencies only. If approved, updated policies help maintain the city's credit rating and prepare for economic downturns.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
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