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Council begins reserve‑policy review; staff recommends thematic reserve categories and prioritizing budget stabilization
Summary
Finance staff presented a reserves overview and recommended reframing committed/assigned reserves into thematic categories (capital preservation; revenue stabilization; capital/facility plan implementation; economic development; innovation; social services; sustainability; catastrophic events). Staff recommended council prioritize budget‑stabiliz
City finance staff presented an overview of Lacey’s committed and assigned reserves and proposed a thematic reserve framework to guide designations for year‑end and the 2026 budget.
Chelsea Orward (Finance) told the council the starting point is the city’s available cash and investments less restricted balances and amounts already assigned for 2026. After those deductions, staff said the current expense fund has approximately $11.5 million available for commitment or assignment once 2026 planned uses are considered. Staff illustrated that historical one‑time revenues and strong construction activity previously…
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