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Commerce Township trustees set reserve targets for general, police and fire funds
Summary
At its Jan. 28 quarterly meeting, the Charter Township of Commerce Board of Trustees reached consensus on target reserve levels, aiming for six months of operating costs in the general, police and fire funds and four months for the library and parks funds.
At its Jan. 28 quarterly meeting, the Charter Township of Commerce Board of Trustees reached consensus on target reserve levels, aiming for six months of operating costs in the general, police and fire funds and four months for the library and parks funds.
Trustee George Weber and others said larger reserves would protect township services and infrastructure from unexpected revenue shortfalls or one-time costs. The board discussed prioritizing funds by public safety and community services, and agreed to review fund balances at the close of 2024 and work the targets into the 2026 budget cycle.
The discussion covered…
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