Buda updates financial-management policy: higher capitalization threshold, new reserve targets and procurement changes
Council adopted revisions to the city's comprehensive financial management policy, including raising the capitalization threshold from $5,000 to $10,000, setting hotel‑motel and debt‑service reserve targets, increasing the water/wastewater transfer cap to 10%, and aligning procurement thresholds with new state law.
The full story
The council approved a comprehensive update to Buda's financial-management policy that staff described as alignment with best practices and recent legislative changes.
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