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Council directs staff to craft capital‑infrastructure reserve policy; places $310,000 FY25 surplus into reserve pending plan
Summary
Council directed staff to draft a capital infrastructure reserve policy (broad enough for parks and other capital needs), agreed to seed the reserve with $310,000 of FY25 year‑end savings and asked staff to hold a study session to review a parks and trails master plan and reserve parameters.
The Gilroy City Council discussed establishing a dedicated reserve for parks infrastructure and broader capital needs on Oct. 20 and provided staff direction to prepare a policy and seed a reserve with available FY25 surplus funds.
Finance and staff background
Finance Director Herjia Tsang told the council that FY25 closed with roughly $1.3 million in general fund year‑end savings. Under existing policies the council had already allocated 25% to a pension Section 115 trust and 25% to an OPEB Section 115 trust; after those allocations and some reappropriations the funds available…
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