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Denton staff proposes comprehensive financial policy to guide 10‑year planning and reserve targets
Summary
In a work session the PUB received a staff proposal to adopt a comprehensive financial policy that would consolidate standalone policies, set 5–10 year forecasts, reserve fund targets and depreciation‑based reinvestment strategies; board members expressed general support and asked staff to pursue phased implementation.
The Denton Public Utilities Board on April 13 discussed a staff proposal to develop a comprehensive financial policy to unify existing standalone policies, set longer-term forecasts and establish reserve and reinvestment targets.
Matt Hamilton, the city’s chief financial officer, said the proposed policy would formalize a long‑term (up to 10‑year) financial forecast, document reserve fund targets across major funds (general, electric, water, wastewater, solid waste), and define capital and reinvestment…
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