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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;
(D) A mechanism for monitoring and reporting the General Fund and Water and Sewer Fund cash balance.
(Ord. 21-13, passed 4-19-2021)