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Finance committee debates how to use rising fund balance; staff to present 10-year forecast
Summary
Committee discussion centered on whether the village should lower its 20to25 unassigned fund balance target or adopt a formal process for using repeat surpluses. Members weighed one-time investments vs. smoothing taxes; staff will present a 10-year financial plan.
The Village of Waunakee Finance Committee spent an extended portion of its July 21 meeting discussing possible changes to budget policies after staff and the auditor showed the villages unassigned general fund ratio at about 28.9 percent. Renee, a village staff member, advised the committee the board previously declined to change its 20-to-25 percent unassigned fund balance policy but asked…
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