Board adopts fund-balance policy, sets target around $15 million
After discussion about contingency and capital-project set-asides, the board approved a fund-balance policy; presenters said the policy aims to secure working capital and reduce ad-hoc draws, and the resolution passed by roll call 27 yes, 2 absent.
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The Eau Claire County Board of Supervisors adopted a revised fund-balance policy intended to preserve reserves, improve credit standing and create a predictable pool for capital and debt management. Supervisor Pagonis explained the draft was the result of multiple contributors and said the county treasurer requested a $15,000,000 fund-balance target to ensure cash-flow needs are met.
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