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
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