Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Alpena City Council raises minimum unrestricted fund balance to 15%
5805853 · June 18, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The Council voted to update City Council Policy Statement (CPS) No. 55, raising the minimum unrestricted fund balance from 10% to 15% of expenditures and setting a maximum of 25%. City manager Rachel Smolinski said staff supports the change.
The Alpena City Council on June 16 voted to amend council policy to increase the city’s minimum unrestricted fund balance from 10% to 15% of expenditures and to set a maximum of 25%.
City Manager Rachel Smolinski told the council she had revised CPS No. 55 at the mayor’s request to “reflect a minimum unrestricted fund…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
