HomeMy Public PortalAboutAB 19-169 Res 19-13 Fund Balance PolicyMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 19-169
Meeting Date July 26, 2019
AGENDA ITEM INFORMATION
SUBJECT:
Request to Adopt Resolution 19-13 to Revise the City’s Fund Balance Policy to provide for an Assigned Reserve for Housing Policy Implementation
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
Parks and Recreation
FUNDING SOURCE:
General Fund
Airport
Library
TIMELINE:
FY20 Budget
Information Systems
Eco Devo Planner
originator
SUMMARY STATEMENT:
At the June 28, 2019 budget work session, Council directed staff to return with a revised Fund Balance Policy that provides for an Assigned Reserve for Housing Policy Implementation.
The City Treasurer will provide a 5-year history of Fund Balances for Council review. Council can choose the amount for the new reserve. The City Manager recommends the amount of the
reserve be calculated as 5% of the unassigned fund balance after all other minimum fund balance requirements are met under the current policy.
The Resolution, Policy in Legislative format, and Policy with final format are attached.
RECOMMENDED ACTION:
Adopt Resolution 19-13 to revise the City’s Fund Balance Policy to provide for an Assigned Reserve for Housing Policy Implementation and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION
November 3, 2011
Adoption of City of McCall Fund Balance Policy
June 28, 2019
Direction to staff to review City of McCall Fund Balance Policy