HomeMy WebLinkAbout00-261.docJUNE 13, 2000 00-261 RESOLUTION
(CARRIED LOST__X__ LAID OVER WITHDRAWN )
AS AMENDED
PURPOSE:
ESTABLISH GENERAL FUND EQUITY BUDGET PERCENTAGE
INITIATED BY: COUNCIL MEMBER O' MALLEY
WHEREAS, it is desirable to establish as policy the Council's intent to maintain the
general fund equity balance at a certain level so as to eliminate uncertainty about the
City's future financial position;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Oshkosh that there is established a policy to maintain general fund equity at a minimum
level of ten percent (10%) of the City's operating budget and a maximum level of ~¢¢el~e
o~ ~ ~o~ ...... , ~ ~,~ ~o/~ fifteen percent (15%) Amounts anticipated to exceed the
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!2.5% 15,% will be applied to the next city budget.
**Bold & Italics indicates amendments