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File #:
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21-1088
Version:
1
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Name:
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Fiscal Strategies and Policies for the General Fund
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Type:
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CC- Study Session
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Status:
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Agenda Ready
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On agenda:
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12/7/2021
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Final action:
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12/7/2021
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Title:
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FISCAL STRATEGIES AND POLICIES FOR THE GENERAL FUND
One of the City Council Goals relates to Fiscal Stability. The Council committed $40 million of PG&E settlement funds to the General Fund reserves to stabilize that fund. The Finance Department is evaluating financial strategies and corresponding policies that will provide long-term stability to the General Fund. The strategies include creating funds to address pension costs and large capital replacements outside the normal Equipment and Replacement funds. The policies would formalize these funds and the methodology for contributing to them.
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Code sections:
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15061(b)(3) - General Rule Exemption, 15378 - Not a Project
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