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Bend MPO to continue building operating reserve; board discussed distinguishing operating, rainy-day and strategic project reserves
Summary
Policy board members discussed a staff proposal to continue setting aside state highway funds to build an MPO reserve. Staff said the board previously agreed to set aside $80,000 and staff will return with options to separate operating reserves from strategic project savings and address cash-flow issues tied to reimbursable grants.
Bend MPO staff briefed the policy board Jan. 24 on reserves, earned interest and options for using those funds. The discussion covered an $80,000 reserve set-aside the board approved in 2023, the city’s 16% operating reserve target, how to separate operating reserves from project savings, and earned interest currently sitting in MPO accounts.
A staff presenter said the board had previously approved “setting aside $80,000 of those state highway funds that we received to start building a reserve” and that the MPO will continue programming that set-aside across fiscal years. The staff presentation contrasted two reserve purposes: (1) an operating reserve to…
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