Update financial policies and create new unclaimed property policy
In Plain English
The city follows several policies that guide how it manages money, including keeping 21% of its budget in cash reserves and limiting debt to 10% of revenue. These updates ensure the policies meet current state standards and best practices. The new policy lets the city keep unclaimed funds after trying for 3 years to find their owners.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
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