§ 2-510. Purpose.

Latest version.

The purpose of this policy is to establish a key element of the financial stability of the city by setting guidelines for fund balance. Unassigned fund balance is an important measure of economic stability. It is essential that the city maintain adequate levels of unassigned fund balance to mitigate financial risk that can occur from unforeseen revenue fluctuations, unanticipated expenditures, and similar circumstances. The fund balance also provides cash flow liquidity for the city's general operations.

(Res. No. 2011-187, 9-20-2011)

                    
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