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Pataskala finance committee backs guideline for general-fund transfers and supports Brown Boulevard design move to capital fund
Summary
The Pataskala City Finance Committee reviewed a draft guideline for transfers from the city's general fund and voted to recommend the guideline, with amendments, to city council.
The Pataskala City Finance Committee reviewed a draft guideline for transfers from the city's general fund and voted to recommend the guideline, with amendments, to city council. Committee members also discussed moving design funding for the Brown Boulevard project from the general fund (101) to the capital improvements fund (301).
The guideline under review includes a floor calculation intended to preserve an operating reserve. Jamie, a staff member, told the committee the floor number was developed from a five-year average and includes "a 25% fudge factor" to account for unplanned needs and rising costs. Jamie said the calculation was not purely mathematical but weighted to reflect known recurring costs such as…
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