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Montgomery County commission debates adding reserve-account language to charter; county executive signals caution
Summary
A charter commission debated adding a provision to formally recognize and govern Montgomery County reserve accounts, including annual disclosure and five-year reviews; Dale Tibbets, special assistant to the county executive, said the executive does not support adding the provision and will review specific draft language.
The commission considered adding a charter provision to recognize and govern Montgomery County reserve accounts, but received a cautious response from the county executive's office.
The chair opened the substantive debate by noting a budget subcommittee report and a draft amendment attached to the commission's materials. A presenter from the subcommittee summarized five elements the group recommended: acknowledge that reserve accounts exist and require consideration in the annual budget; make the council responsible for setting reserve amounts; give the council responsibility for procedures to use the funds; require annual public disclosure of reserve balances; and require an assessment of reserves every five years.
"The reserves include in the budget, the amount is set by council... the council make that amount in the reserve public every year, and that there's an assessment of the reserve every 5 years," one…
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