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Strafford County commissioners adopt annual financial policies, approve routine administrative updates
Summary
The Strafford County Board of Commissioners voted to adopt its annual fund balance, investment and grant management policies, approved updates to bank signature cards, and set timing for several upcoming bid awards. A public commenter raised concerns about document access on the county website.
The Strafford County Board of Commissioners on an otherwise routine morning adopted three annual financial policies and approved administrative actions tied to banking and procurement.
The board voted to authorize and sign the county's fund balance policy, which staff said is intended to maintain an unassigned fund balance within a target range of about 5 to 12 percent of budgeted expenditures. Diane, a finance staff member who described the policy to the board, said the policy "hasn't changed from the last few years" and emphasized the distinction between unassigned fund balance and funds that are assigned or reserved for specific purposes such as dispatch capital or equipment…
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