3.4 Maintain adequate cash reserves to ensure cash flow, the ability to respond to emergencies and the resources to take advantage of opportunities.

Strategic Objective

2
Total Actions
0
Planned
2
In Progress
0
Completed
0
Stalled

Actions

Strategic actions under this objective

3.4.1 Develop a long term strategy to stabilize the Unassigned Fund Balance and maintain the fund balance policy.
Key Performance Indicators
Finance to develop a long term plan to ensure UFB is adequate to maintain cash flow and address emergencies in compliance with the UFB policy by the end of the Q1 2024.
Projected fund balance beyond 2023 is projected to be increased in the Solid Waste fund due to rate changes implemented by the City Council.
Finance
In Progress
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3.4.2 Build a sizeable library foundation endowment that can act as a reserve fund
Key Performance Indicators
Work toward $500,000 goal for endowment.
Library
In Progress
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