Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance director proposes new reserve accounts and supplemental appropriations; council to consider on Monday
Summary
Finance staff proposed establishing 5% reserve accounts for major funds (General Fund: $998,005.48; Local Street: $180,231; Water: $357,001.96; Sewer: $258,763) and supplemental appropriations for software, fingerprinting, cleaning contracts, retirement payouts, vehicle repairs, and a land purchase; council agreed to place the items on Mondays agenda.
Finance staff presented a package of supplemental appropriations and reserve-account setups to Huber Heights council on March 16. Jim said the city would expand the existing debt-management and budget-stabilization reserve policy beyond the General Fund to three additional funds, each set at 5% of the previous years expenses: $998,005.48 for the General Fund, $180,231 for the Local Street Operating Fund, $357,001.96 for the Water Fund, and $258,763 for the…
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
