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Solano County updates reserve and contingency targets, sets new general reserve range
Summary
The board voted 5-0 to revise the county's general fund reserve and contingency targets, aligning policy with GFOA guidance and proposing a two-to-three month reserve target (about $58 million to $87 million) to improve fiscal resiliency.
The Solano County Board of Supervisors adopted updated general fund reserve and contingency policies on March 11, setting a new target range intended to boost fiscal resilience ahead of an uncertain state and federal funding outlook.
Assistant County Administrator Ian Goldberg and staff recommended aligning the county's reserve policy with Government Finance Officers Association guidance. Under the adopted policy the target general fund reserve is two to three months of…
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