§ 34.100 PURPOSE.

   The purpose of the Cash Balance Policy is to establish the following:

   (A)   A target level of cash balance required for the General Fund and Water and Sewer Fund;

   (B)   A process and criteria for the continued evaluation of that target level as conditions warrant;

   (C)   A process for reaching and/or maintaining the targeted level of cash balance and the priority for the use of resources in excess of the target; and

   (D)   A mechanism for monitoring and reporting the General Fund and Water and Sewer Fund cash balance.

(Ord. 21-13, passed 4-19-2021; Am. Ord. 23-15, passed 3-20-2023)