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Mount Vernon adopts fund-balance and debt policies, extends capital-markets advisor and authorizes RFP for innovative finance

5704923 · August 15, 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 adopted a fund-balance policy and a debt-management policy, extended an agreement with Capital Markets Advisor LLC, and authorized an RFP/qualifications process for an innovative finance and asset-management initiative.

The Mount Vernon City Council on Aug. 14 adopted a fund‑balance policy and a debt‑management policy intended to guide fiscal operations. The council also authorized the extension of an agreement with Capital Markets Advisor LLC for financial…

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