Management & Budget says Oracle implementation complete and highlights $470M reserves
CFO John Wallace told commissioners Wayne County has 12 consecutive balanced budgets and reserves of roughly $470 million; Oracle implementation is moving from stabilization to optimization, project director Mike Jamieson said.
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John Wallace, Wayne County chief financial officer and director of Management & Budget, briefed the Ways and Means Committee on county fiscal health and priorities. He said the county has sustained balanced budgets for 12 years and reported general-fund reserves of roughly $470 million.
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