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File #: 20-021    Version: 1 Name:
Type: Order Status: Passed
File created: 1/13/2020 In control: Town Council
On agenda: 1/28/2020 Final action: 1/28/2020
Title: To adopt an amendment to the town's fund balance policy.
Attachments: 1. 20-021 Cover Sheet, 2. Fund Balance Policy AMENDMENT 01282020

I.                     Council Action Requested.


To adopt an amendment to the town’s fund balance policy.


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.