Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Holladay staff outline draft financial policies, stormwater utility goals and a pushed road overlay program
Summary
Finance staff presented a draft financial-policy manual recommending a 15% general-fund reserve target, a 60-day stormwater utility working-capital target (FY24 at ~26 days), administrative fee recapture, and a proposal to prioritize at least $500,000 for roadway overlays in the FY26 budget; council asked for clarifications on limits and implementation.
City finance staff presented a draft set of financial policies intended to guide budgeting and capital planning in Holladay. The draft includes a recommended general-fund unassigned reserve target, explicit working-capital targets for enterprise funds and clearer rules for one-time revenues and administrative-cost allocation.
"Last year, we were at 33.6%, which is about $7,800,000 of fund reserve fund…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
