HomeMy WebLinkAbout3. Fund Balance Memo Oshkosh
DATE: July 29, 2020
TO: Long Range Finance Committee Members
FROM: Russ Van Gompel, Finance Director
RE: Fund Balance Policy
Attached is the current City of Oshkosh Fund Balance Policy which was adopted in
2011.
In addition, I have included information from the Government Finance Officers
Association regarding Fund Balance Guidelines for the General Fund.
The last attachment is a draft policy I prepared to start a conversation on a possible
revision to the Fund Balance Policy. This revised policy is intended to cover more than
the General Fund. It was prepared based on a policy that I used in a previous
community and has some elements from other communities. I am open to your thoughts
and comments.
Finance Department
City Hall,215 Church Avenue P.O.Box 1 130 Oshkosh,WI 54903-1 130 920.236.5005 http://www.ci.oshkosh.wi.us