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Thomasville council adopts multiple fiscal and administrative policy updates
Summary
Council approved a package of fiscal policy revisions, including raising the unassigned fund balance threshold to 50%, new electronic funds transfer and investment policies, a conflict-of-interest policy for employees, and related budgetary set-asides; all consent items passed unanimously.
The Thomasville City Council approved a set of fiscal and administrative policy changes included on the consent agenda.
Staff presented revisions to the city’s fiscal policy that increase the threshold for appropriations of unassigned fund balance for capital items from 24% to 50% of general fund expenditures and revise reserve policy language to state an intention to maintain at…
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