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Ken-Caryl board adopts updated fiscal policies unanimously
Summary
Directors voted 4–0 to adopt revised 2026 fiscal policies, including a correction to the operating reserve text; staff said the changes strengthen transparency, capital planning and internal controls.
The board voted to adopt revised fiscal policies intended to strengthen fiscal discipline, transparency and internal controls. The motion to adopt resolution MD 26‑107, to update the district’s fiscal policies, passed on a roll-call vote with the chair noting, "I see that passing unanimously."
Staff said the revisions clarify operating and taper reserves, add a 10.5% revenue cap language for reassessment cycles, and add capital planning and debt issuance provisions. The board confirmed a minor typographical correction to the reserve-policy subsection before the vote.
