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Referrals committee sends excess reserve policy proposal to Finance and Budget Committee

Committee on Referrals, City of Evanston · October 28, 2025

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Summary

The Evanston Committee on Referrals referred a proposal to establish a city excess reserve policy to the Finance and Budget Committee, recommending the item be heard no later than the end of the first quarter of 2026. The referral was approved by voice vote after a brief discussion of fund interactions and timing.

The Committee on Referrals of the City of Evanston on Oct. 27 referred a proposal to establish an excess reserve policy to the Finance and Budget Committee, recommending the committee consider the item no later than the end of the first quarter of 2026.

Committee members discussed that reserves interact with multiple funds and budget decisions; one speaker said the proposal may come to the Finance and Budget Committee significantly earlier than the March timeline but recommended no later than the end of the first quarter of next year to allow time for review.

One member said they had spoken with Council member Rogers, who may chair the Finance and Budget Committee, and offered to move the referral with Rogers’ support. Council member Newsom moved that the item be referred to the Finance and Budget Committee with the recommendation it be heard before March 2026. The motion was approved by voice vote; the chair stated the ayes had it and no opposition was recorded.

The Oct. 27 discussion did not include a draft policy text, specific reserve levels, or funding figures. Those details were not specified during the referral and would need to be developed in the Finance and Budget Committee.