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O'Fallon finance director outlines reserves policy, cites strong bond ratings
Summary
Finance Director Vicky Bosshert told council the city's general fund reserve policy is set at 40% of operating expenditures, the adopted 2026 budget shows approximately 55% in the general fund, and reserves support cash flow, capital projects and bond ratings; she described targets for water and sewer funds and effects of planned CIP projects.
O'Fallon — Finance Director Vicky Bosshert presented an overview of the city’s fund balance reserves to the council on March 26, stressing reserves’ role in cash‑flow management, capital planning and bond ratings.
Bosshert told the council that the city’s general fund reserve policy requires a minimum target of 40% of annual operating expenditures; she said the adopted 2026 budget reflected roughly 55% in the general fund. She noted property tax revenue of about $8,000,000 is…
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