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Fraser council adopts 25% target for general fund unrestricted balance
5772754 · March 14, 2025
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Summary
Council approved a policy setting a 25% target for the general fund unrestricted fund balance, aligning with auditor recommendations and providing a guideline for future budgets.
The Fraser City Council voted March 13 to adopt a general‑fund unrestricted fund balance policy that sets a 25% target (roughly three months of operating expenditures) as the council’s guideline for minimum reserves.
Staff said auditors have recommended a 25% minimum and presented a draft policy compiled from practices used in other…
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