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Finance director outlines proposed policy for limited use of reserves after state law limits fund balance
Summary
Finance Director Michelle Weidner presented a proposed county policy to guide one‑time use of carryover or reserve funding after new state legislation caps general unassigned fund balance at 35% of prior year expenditures and limits property tax growth for certain levies.
Finance Director Michelle Weidner presented a proposed policy in a June 23 work session to guide department heads requesting one‑time use of carryover or reserve funds.
Weidner told the Board that recent state legislation caps general unassigned fund balance at 35% of prior year expenditures, eliminates the homestead credit reimbursement in favor of an exemption, and limits property tax growth to 2% for the general basic and rural basic levies. The proposed county policy would provide a consistent process for requesting limited, one‑time use of carryover or reserve funding for defined needs, giving departments flexibility to complete work and address late fiscal‑year projects.
Board members heard the policy presentation but did not take immediate action to adopt the proposal; staff will return with implementation details and recommended criteria for approving reserve uses.
