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Council adopts 'saver reserve' policy to cap contingency fund at $2.5 million
Summary
Rochester Hills approved a policy creating a committed 'saver reserve' funded from prior‑year general fund surplus, capped at $2.5 million, with a three‑step approval process and council appropriation required before reserves are spent; council added an evaluation step tied to the 2026 fourth‑quarter budget amendment.
Rochester Hills — The City Council adopted a new financial policy establishing a committed "saver reserve" intended to reduce budget scrambling when capital projects face unexpected cost increases. Finance staff said the reserve would be funded exclusively from prior‑year general‑fund operating surpluses and capped at $2.5 million.
How it works: Mr. Snyder (finance staff) described a three‑gate…
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