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The Town of
Leesburg,
Virginia
PRESENTED April 25. 2006
RESOLUTION NO. 2006-73
ADOPTED April 25. 2006
A RESOLUTION: ESTABLISHING A REVENUE STABILIZATION RESERVE
WHEREAS, real estate values and other revenues that help support the Town are uncertain in the
future; and
WHEREAS, it is in the Town's best interest and is good fiscal management to set aside funds
above the Town's General Fund undesignated fund balance for uncertain economic times; and
WHEREAS, the Town Manager recommends that Council set aside $700,000 from available
carryover funds.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
The Council directs the Town Manager to establish a revenue stabilization reserve in the
amount of $700,000 as a separate and distinct part of the General Fund balance.
PASSED this 25th day of April 2006.
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