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Committee reviews proposed working capital and fund balance policy; staff recommend plain-language 20–30% min–max
Summary
Marathon County staff presented a simplified working capital/fund balance policy that would set a recommended minimum of 20% and maximum of 30% of audited annual expenditures in reserve, allow transfers above the maximum to capital improvement funds, and keep the highway fund separate.
County administration and the finance director presented a rewrite of Marathon County’s working capital and fund balance policy during the Human Resources, Finance and Property Committee meeting, proposing a simplified, percentage-based approach and an implementation process.
The draft replaces the earlier calculation method (referenced in resolutions from 1989 and 1996) with a min–max based on audited expenditures. Under the proposed framework staff recommended a minimum target of 20% and a maximum of 30% of audited annual operating expenditures; any fund balance in excess of 30% would be transferred to the…
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