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Sunbury council discusses capital reserve, rolling funds for future equipment purchases
Summary
Council members proposed allowing departments to set aside budget allocations in an interest-bearing capital reserve for planned large purchases such as vehicles, and discussed guardrails for accessing those funds in emergencies.
During the Sunbury budget work session, councilors considered establishing a more formal capital-reserve mechanism to let departments accumulate funds over several years for planned high-cost purchases such as trucks or other equipment.
Council members described a process where a department could budget amounts annually toward a specific future purchase; the funds…
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