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Finance committee flags reserve shortfall, debates report presentation
Summary
The Mason County finance committee reviewed first‑quarter finances and debated an added 'deficit' column that appears to double-count reserve policy targets; the treasurer reported a negative balance against the 25% operating-reserve target and committee members agreed to develop a plan to restore reserves.
The Mason County finance committee on Tuesday reviewed first-quarter financials and debated how reserve shortfalls are presented in the committee report.
Treasurer (presenter) reported current-expense cash on hand of $19,048,932.51 as of March 31 and total invested funds. The report showed a negative $1,160,059.18 balance when measured against a 25% operating-reserve policy — a…
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