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Irondale council adopts new purchasing policy and fund-balance targets
Summary
The council adopted Ordinance 2026-16 to update the city's purchasing policy to align with GFOA best practices and approved a fund-balance policy setting minimum, target and ceiling reserve percentages (minimum ~16.7%, target 25%, ceiling ~41.7%).
The Irondale City Council voted to adopt a rewritten purchasing policy and a new fund-balance policy intended to modernize procurement and strengthen fiscal reserves. Mayor James D. Stewart Jr. said the purchasing-policy rewrite applies GFOA (Government Finance Officers Association) best practices, updates thresholds to match state changes, and documents the city's purchasing processes.
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