Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board reviews proposed language to target fund balance between 18% and 40% for capital planning
Summary
Policy 6235 updates discussed: Neola-recommended language would set a target fund-balance range between 18% and 40% of prior-year expenditures, with the 40% level acting as an upper cap tied to prior-year funds and expenditures; staff recommended folding the change into semiannual policy updates.
Board members reviewed proposed language revisions to Policy 6235 (fund balance) that would set a targeted fund-balance range and add an upper cap tied to prior-year funds and expenditures.
Staff said they consulted Neola (the policy-service vendor) and that suggested language would set a target…
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
