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Commission approves $749,797.99 in fiscal-year reserves to cover outstanding obligations
5509594 · July 30, 2025
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Summary
County staff requested and the commission approved reserving $749,797.99 to carry fiscal-year 2025 obligations into fiscal year 2026; staff explained the reserve protects purchase orders and commitments that will be paid next fiscal year.
Norfolk County staff asked the commission on July 9 to approve a reserve for outstanding fiscal‑year 2025 obligations and the commission approved reserving $749,797.99.
Procurement staff told commissioners the exercise gathers department requests for funds that should be held open into fiscal year 2026 so the county can make payments…
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