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Moraga committee debates 50% reserve target and approves recommendations to allocate $367,873 in one-time funds to studies
Summary
Staff recommended allocating $367,873 in unassigned general fund balance to a revenue study ($125,000), an economic development consultant ($75,000), an organizational assessment ($60,000) and the remainder to the asset replacement fund. Committee debated the prudence of a 50% reserve target versus lower alternatives.
Town staff told the Audit & Finance Committee on Dec. 2 that Moraga’s updated reserve policy sets a 50% general fund reserve target calculated on the next fiscal year’s adopted operating budget. That policy — adopted March 2025 — prompted a sustained committee discussion about risk tolerance, bond-rating benefits and tradeoffs for capital needs.
"Our 50% reserve requirement is $6,580,000 based on FY26 adopted budget, and $6,800,000 based on FY27 adopted budget," Administrative Services Director Katie…
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