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May 14 Agenda Item 7
Attachments:
Attachment NameAttachment SizeAttachment Date
Size: 87K
Last Updated: 2012/5/8
Subject:
Order to amend the Fund Balance Policy.

ACTION: Council action is anticipated.
Summary:
A copy of the amended policy is attached.

The Finance Committee requested an amendement that will reserve $1,000,000 of the unassigned fund balance for unanticipated emergencies and capital projects. This request was based on recent changes to the capital reserve fund system.