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Shenandoah council approves $348,711 transfer to meet reserve policy and renews investment policy
Shenandoah City Council · September 12, 2024
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Summary
Shenandoah’s City Council approved a $348,711 transfer to bring the general fund up to the required 180‑day reserve level and unanimously renewed the city’s investment policy after staff reported no changes to the existing policy.
Shenandoah Mayor John g Escottle presided as the City Council on Wednesday approved a $348,711 transfer to meet the city’s 180‑day general fund reserve requirement and renewed the city’s investment policy by voice vote.
Council was told staff calculated the target 180‑day reserve at $5,980,140 for fiscal 2024–25 and recommended the $348,711…
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