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Council raises general‑fund reserve target to four months in updated fund‑balance policy
3196228 · April 17, 2025
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Summary
Interim city management proposed and council approved an updated fund‑balance policy that increases the general‑fund reserve target to the equivalent of four months of operating expenditures to strengthen fiscal resilience.
The Palm Bay City Council approved Resolution 2025‑18 to update the city's fund balance policy, increasing the recommended general‑fund reserve to a four‑month level.
Interim City Manager Scott Morgan described the recommendation as a financial stabilizer that would give the…
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