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Council consolidates general fund reserve accounts, formally adds apparatus replacement fund
Summary
Willows City Council approved revisions to the general fund reserve policy and added an apparatus replacement reserve; council and the finance committee said consolidation will simplify tracking and preserve flexibility for future reserve creation.
The Willows City Council voted unanimously on Aug. 26 to amend the city’s general fund reserve policy by consolidating several small reserve accounts into a single general fund reserve and formally creating an apparatus replacement reserve fund.
Staff presented the finance committee’s recommendation to consolidate the catastrophic reserve and budget-stabilization…
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