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Committee adopts revised fund-balance policy with departmental non‑lapsing contingency accounts
Summary
The Resources, Finance and Property Committee approved a revised fund-balance policy that creates capped, departmental non‑lapsing contingency accounts; the committee voted to adopt the policy and the measure passed unanimously.
The Resources, Finance and Property Committee voted to adopt a revised Marathon County fund-balance policy that adds capped, departmental non‑lapsing contingency accounts and an appendix of fund classifications.
Administrator Leonard and finance staff explained the proposed changes and said the appendices list funds and visualizations to simplify future updates. Staff described the departmental non‑lapsing contingency accounts as incentives for…
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