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Commission lowers fund reserve target from 50% to 20%
Summary
Pottawatomie County commissioners voted 5-0 to modify the Fund Reserve Policy, reducing the target reserve from 50% to 20% after a staff presentation and an equipment replacement plan handout.
Assistant County Administrator Heather Gladbach presented information and recommended modifying the county's Fund Reserve Policy from a 50% target to a 20% target and provided an equipment replacement plan handout. Commissioners discussed the proposal and related budget implications.
Commissioner Merl Page moved to approve the change; Commissioner Deloyce McKee seconded and the motion carried 5-0. The modification was approved at the June 8 meeting; staff noted the equipment replacement plan was supplied as part of the background materials.
