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Marathon County committee weighs clearer working-capital rule, debates 20%–30% threshold and 25% floor option
Summary
County staff recommended replacing a decades-old, complex working-capital calculation with a simpler minimum/maximum percentage tied to audited expenditures; the committee asked staff to return with a version that includes a 25% minimum option and examples for departmental contingency funds.
At its April meeting, the Marathon County Resources, Finance and Property Committee discussed a proposed rewrite of the county's working-capital and fund-balance policy intended to simplify a calculation established in prior resolutions and align reserves with best practices.
Finance Director Sam (Sam) presented staff's analysis, saying the current rule, created by earlier resolutions, used a complicated formula and that staff proposes a straightforward percentage target tied to the audited year's actual expenditures. "So in this case, if we had a million dollars of expenditures, our goal would be to have a minimum of $200,000 and a maximum of $300,000," Sam told the committee, describing the 20% minimum and 30% maximum framework staff used in examples. Sam said she had discussed…
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