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Denton CFO proposes 10-year financial policy to guide budgets, reserves and rate adjustments
Summary
City finance staff proposed a four‑phase initiative to create a single comprehensive financial policy with 10‑year forecasts, reserve targets across funds, depreciation‑based reinvestment planning and benchmarking to national standards. Council gave staff direction to proceed.
Matt Hamilton, Denton’s chief financial officer, told the Denton City Council on April 21 that staff is asking for direction to develop a comprehensive financial policy that will bring standalone policies — fund balance, debt and investment policies — under a single strategic framework.
The proposal would require producing 10‑year pro forma forecasts, setting formal reserve targets for the general fund and major enterprise funds (electric, water, wastewater, solid waste and airport), creating depreciation‑based reinvestment strategies for capital…
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