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Eaton County board adopts 10% minimum fund-balance policy to stabilize finances
Summary
The Eaton County Board of Commissioners adopted a new fund-balance policy setting a 10% minimum unassigned fund balance and directing plans to restore reserves if the minimum is breached. The policy is intended to strengthen the county's credit profile and provide predictable guidance for future budgets.
Eaton County commissioners voted to adopt a formal fund-balance policy that sets a minimum unassigned general-fund balance of 10% of annual budgeted expenditures.
The policy requires the board to adopt a recovery plan in the subsequent fiscal-year budget if the unassigned balance falls below the goal, with a maximum three-year period to restore the reserve. It also directs the county to consider dedicating any amount above the target toward…
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