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Shenandoah finance staff urges keeping robust reserves after risk review
Summary
City finance staff presented a GFOA-based risk assessment and recommended the council retain a target reserve well above the GFOA minimum; the city reported about $10 million in fund balance as of Sept. 30, 2025 and discussed options if the council chose to lower the committed 180-day target.
Shenandoah city finance staff presented a financial-reserve review to the City Council on March 25, 2026, recommending maintaining a higher-than-minimum reserve to cover local risks including hurricanes, sales-tax concentration and cyber threats.
The presentation by Lisa (identified at the meeting only by her first name) summarized a GFOA self-assessment and explained that the cityhas designated a 180-day committed reserve policy adopted in 2019. "As of 09/30/2025, we had a little over $10,000,000 in fund balance reserve," Lisa said, and she…
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