Laserfiche WebLink
:'IrkY Cr REQUEST FOR COUNCIL CONSIDERATION Agenda Section 12 <br /> STAFF REPORT Report Number:96-1695WS <br /> I11t`i ir`>linf`; Report Date: 5/2/96 <br /> WORKSESSION MEETING DATE <br /> ` :hk <br /> • May 6. 1996 <br /> .p <br /> ''' est.Partner,k4' <br /> Item Description: Consideration of establishing of policy for the setting of fund reserves and/or designations <br /> for the General Fund <br /> Administrator's Review/Recommendation: � <br /> -No Comments to supplement this report 47�) <br /> -Comments attached. <br /> Explanation/Summary(attach supplement sheets as necessary) <br /> Summary: <br /> The auditors have asked Staff for the dollar amount or percentage of budget that the City Council wants to set <br /> for the designated and undesignated fund balances in general fund. Staff inquired from the auditors as to how <br /> these amounts have been established in the past and how they are set in other cities. The auditors send a basic <br /> municipal resolution which staff has modified for your review. In order to assist Council in setting the <br /> balances for the "Comprehensive Annual Financial Report" for the year ended December 31, 1995 staff has <br /> provided a table of past years' balances. <br /> III <br /> „2.7, ,..__, <br /> '--,__--,../,.. _. , <br /> Mary E. rek, Interim Finance Coordinator <br /> • <br />