janaybooker7 janaybooker7

26-12-2022
Business

Answered

The City Council has adopted a minimum cash reserve policy. General Fund : 15-25% of next year's expenditures and preferably at the 20-25% level Refuse Fund: 20-30%, but no less than $500,000. Sewer Fund : 65-75%, but no less than $1,500,000. Street Fund : 20-30%, but no less than $1,000,000. Storm Water Fund : 10-20%, but no less than $200,000. Emergency Fund: $1 ,500,000 minimum. how is the city doing financially?

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