Authorize replenishing Rent Board reserves to 18% of annual budget
In Plain English
The Rent Board maintains emergency reserves like a savings account for unexpected expenses. Current reserves have dropped below the required minimum of 18% of the annual budget. If approved, the board adds money back to reach the 18% target set by city policy.
Auto-generated summary. Source: official agenda documents.
Similar Discussions
5 related items found by meaning
Increase minimum cash reserves from 7% to 15% of annual spending
Set annual fee of $220 per controlled rental unit and $125 per partially covered unit
Receive presentation on Rent Board staffing levels and recruitment
Adopt cash reserve policy for fiscal year 2020-21
Adopt revised policy for city cash reserves
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