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Council debates proposed 10% fund-balance ordinance and records roll-call votes
Summary
Council held a public hearing and extended debate on an ordinance to raise Northampton County's minimum fund balance to 10% (GASB 54-related); an amendment to reduce the minimum to 7% failed and the ordinance received a recorded roll-call vote (individual votes were read into the record).
The Northampton County Council heard public comment and extensive member debate on an ordinance to raise the county's minimum fund-balance stabilization requirement to 10 percent. The ordinance, described in the public notice as an amendment to Northampton County Ordinance No. 526-210 (GASB 54 fund-balance policy), was introduced by council sponsors at a prior meeting and the public hearing was opened at the Nov. 20 session.
Tara Zrinsky, Northampton County controller, testified that inflating the minimum fund balance to 10 percent…
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