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Talent staff propose fund-balance targets, new capital funds and grant-approval threshold
Summary
City Manager Alex Campbell and Finance Director Dana Mason presented proposed updates to the Financial Management Policy: a 4-month general-fund target, minimums for enterprise funds, a water capital fund, equipment and facilities funds, and a council-approval threshold for grants of $50,000 or more.
City Manager Alex Campbell asked the Talent City Council on Sept. 17 to consider several updates to the city's Financial Management Policy ahead of the FY 2026–27 budget season.
Campbell said staff want the written policy to match current practice and to add a small set of clearer standards. "I think a clearer target is 4 months of operating revenues," he told council, noting that two months is a common standard but that Talent's property-tax revenue timing justifies a higher minimum.
Why it matters: fund-balance minimums guide how much cash the city keeps on hand to manage timing differences between revenues and…
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