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Talent council adopts financial management policy required for CDBG funding, plans study session
Summary
Council adopted Resolution 2024-104-R, a comprehensive financial management policy required to qualify for CDBG funds, and asked staff to schedule a study session before May 2025 to refine prescriptive language and benchmarks such as reserve targets.
Talent — On Nov. 20 the Talent City Council adopted Resolution 2024‑104‑R, establishing a comprehensive financial management policy that staff said is required to qualify for Community Development Block Grant (CDBG) funding.
Finance Director Tessa told the council the draft was adapted from prior work and includes objectives such as guiding fiscal…
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