Adopt cash reserve policy for fiscal year 2020-21
In Plain English
The city needs formal rules for how much money to keep in reserve accounts for emergencies and unexpected expenses. This policy sets minimum cash levels the city must maintain to ensure stable operations. If approved, it provides guidelines for when reserves can be used and how quickly they must be replenished.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
6 to 0
Similar Discussions
5 related items found by meaning
Increase minimum cash reserves from 7% to 15% of annual spending
Adopt revised policy for city cash reserves
Reduce required cash reserves from 15% to 7% of city budget
Update financial policies governing city cash reserves and debt management
Adopt 6 financial policies governing city cash reserves, debt, and investments
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