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Tonopah adopts Resolution 26-01 to establish town risk management fund
Summary
The Tonopah Town Board unanimously adopted Resolution 26-01 on Feb. 11 to create a risk management fund for the town, a step intended to centralize reserves for liability and risk-related expenditures.
The Tonopah Town Board adopted Resolution 26-01 on Feb. 11, establishing a formal risk management fund for the unincorporated Town of Tonopah.
Vice Chair Joni Eastley moved to adopt the resolution and Member Douglas Baker seconded; the motion carried 4-0. The resolution was described in the agenda packet as establishing the fund; the meeting minutes record the adoption but do not list the fund’s initial funding amount or implementation timeline.
The minutes do not specify an effective date for funding, staff responsibilities for administering the fund or reporting requirements; those details appear to be left to subsequent administrative steps referenced by the resolution text in the backup materials.
