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Webster Groves staff outline options for $11 million in one-time reserves
Summary
City staff presented options for spending about $11 million in one-time reserves while preserving a 35% general fund balance; proposed uses included Old Webster parking ($1.5M), prepaying a fire chassis (~$550K), service center design ($500K gap), records digitization (~$200K) and a $40K regional fire study.
City staff presented a menu of one-time projects that could use roughly $11 million in spendable reserves while maintaining the city’s 35% general fund reserve during Monday’s budget workshop.
The presenter told the council “we're required to keep 35% of our general operating yearly budget held in reserve for those rainy days,” and said that after setting aside the reserve the city had about $11 million in one-time funds that could be used for capital projects and other nonrecurring needs.
Staff highlighted several concrete options:…
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