Committee approves ‘opportunity fund’ policy to use excess unassigned reserves for one-time projects
The Winnebago County Personnel & Finance Committee approved an amended fund-reserve 'opportunity fund' policy that lets the county use unassigned general-fund reserves above a 30% threshold for one-time expenditures such as capital, technology and economic development projects.
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The Winnebago County Personnel & Finance Committee voted to approve an amended fund-reserve policy, creating an "opportunity fund" that allows use of excess unassigned general-fund reserves above a 30% threshold for one-time expenditures.
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