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FUND BALANCE POLICY 8/10/2021 <br />GENERAL FUND BALANCE POLICY -GOAL SETTING DISCUSSION <br />•What is Fund Balance? <br />•Why is it important to monitor? <br />•Policy provides directions to determine Fund balance and sets the <br />range of fund balance to maintain. <br />•Noted at a 2020 Council work session there would be future <br />discussion regarding the General Fund balance policy. The items <br />noted for consideration at that time included were: <br />•Increase in the minimum Fund Balance <br />•Addressing the situation when one time monies creates a Fund Balance beyond policy <br />defined range