I. Council Action Requested.
Title
To adopt an amendment to the town’s fund balance policy.
Body
II. Basis for Council Action.
Council approval of this item is required because;
a. Article III, Section 2(A)(10) of the Charter requires the Town Manager to “prepare an Administrative Code, submit it to the Council and be responsible for its administration after adoption by the Council.”
III. Issue Summary.
Please refer to the proposed amendment, shown in the attachment in mark-up form.