Committee recommends raising Middleton's reserve target to 25%–40% and lowering contingency to 0.5%
The Middleton Finance & Personnel Committee voted Aug. 5 to recommend that council amend the city fund-balance policy: increase the general unassigned fund balance target to 25%–40% of next year's budget and reduce the annual general contingency target to 0.5% of budgeted expenditures. The change was advanced for council consideration by voice vote.
The full story
The Middleton Finance & Personnel Committee on Aug. 5 voted to recommend that the City Council amend the city's fund-balance policy to raise the target reserve and reduce the budget contingency.
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