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Arlington board lowers minimum undesignated fund balance to 75% in unanimous vote
Summary
The Arlington Board of Mayor and Aldermen unanimously approved Resolution 2025-39 to revise the town's Fund Balance Policy, lowering the minimum undesignated fund balance from 100% to 75% of the current year's budgeted revenues and setting a 125% maximum, citing GASB Statement No. 54 guidance.
The Arlington Board of Mayor and Aldermen unanimously adopted Resolution 2025-39 on Sept. 2, 2025, revising the town's Fund Balance Policy to lower the minimum undesignated fund balance to 75% of current year budgeted revenues and set a maximum at 125%.
Brittney Owens, the town's recorder and treasurer, presented the staff proposal and said the change…
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