(A) It is the goal of the county to have a 25% (three-months) corporate fund cash reserves at year- end. This reserve ratio shall be calculated as the year-end corporate cash balance divided by the subsequent year’s budgeted corporate fund expenses.
(B) With the exception of additional reserves set aside for capital or other special projects, if the corporate fund cash reserves fall below 22%, or exceed 26%, the Finance Committee shall recommend corrective action to bring the corporate fund cash reserve into this targeted range.
(C) Appropriate reserve levels will be maintained for special funds, whenever possible and appropriate.
(1980 Code, § 40.19) (Res. 08-219, adopted 5-15-2008)