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City finance explains 90-day reserve and $24M liquid balance as association presses $107K ask beyond council-funded 5%
Summary
Association negotiators questioned why the city holds a large unassigned fund balance and asked whether more could be allocated to police pay; city finance staff explained a 90-day liquid reserve practice (~$24M) and that roughly $918,000 was allocated by council to fund a 5% across-the-board raise, while some reported fund-balance items are non-liquid and require reconciliation.
Association negotiators pressed city staff on the size and availability of San Angelo’s unassigned fund balance after the city facilitator proposed extending the agreement with a 5% raise funded by council. A negotiator cited an audited unassigned fund balance of about $49.7 million and asked why much of that money was not being committed to police compensation.
Finance staff explained that audited GAAP figures include non-liquid items such as receivables and…
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