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Monroe County Council adopts revised 2026 minimum cash balances after FSG suggestions
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Summary
The council unanimously approved Resolution 2025-27, adopting altered reserve minimums for several county funds after amending amounts recommended by financial advisor FSG and hearing a public endorsement for stronger rainy-day reserves.
The Monroe County Council unanimously approved Resolution 2025-27 on June 24, setting minimum cash-balance targets for county funds in 2026 after incorporating recommendations from the county’s financial advisor, FSG.
The council adopted an amendment that set the Motor Vehicle Highway fund minimum at $750,000 (reduced from $1,000,000 in the original draft), the Health fund (Fund 1159) at $500,000 (reduced from $1,000,000), and the Election fund (Fund 1215) at $750,000 (reduced from $1,000,000). Councilors also amended language in a whereas clause, replacing “bonding rating management” with “bonding rating agency.”
Why it matters: Minimum cash balances (reserves) are used to ensure continuity of services, manage revenue volatility and maintain favorable bond ratings. The council’s adjustments followed written feedback from FSG and a recommendation at the meeting to maintain robust rainy-day reserves.
County attorney Molly Turner King presented the resolution and noted FSG’s written suggestions to reduce several fund minimums. Auditor Lisa Gregory (identified in the meeting) reviewed recent balances and said funds historically have remained above the proposed minimums; she specifically advised caution about lowering the election fund too far and later said $750,000 would be comfortable.
A public commenter, Jeff McKim, urged stronger reserves and explicitly recommended establishing a $10,000,000 floor for the county’s rainy-day fund to strengthen the county’s fiscal position and bond rating prospects.
The council voted by roll call: Deckard, Bridal, Iverson, Crossley, Hawk and Henry all voted yes; the motion passed unanimously.
Implementation notes: Councilors said they expect to reassess reserve levels annually during the budget process and monitor operational impacts if reserve requirements interact with frozen levies and departmental needs.
