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Ocean Shores finance committee: September snapshot, reserve target update proposed
Summary
Committee reviewed September financials (general fund ~42% of budgeted revenues; appropriations ~40%), confirmed a county tax-levy packet is in the agenda, and asked the council to amend a pending resolution to move the reserve-target language to 2.5 to match current practice.
Ocean Shores Finance Committee met Oct. 23 at the Ocean Shores Library to review September financial results and recommend clarifications to a pending reserves resolution ahead of a council meeting next week. Finance committee member (Speaker 1) said "the general fund has collected about 42% of our budgeted revenues" and that total appropriations are running at about "40%" of budget, figures he characterized as generally on track for a biennial budget.
Speaker 1 called attention to an…
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