Quarterly Financial Reports

General Fund Reserve Balance Summary

Below is a summary of the Town's General Fund reserve balances as of July 1, 2018 and any amendments, thereafter. The $3.0 million dollar reduction in Budget Stabilization Reserve and the creation of Accrued Leave Reserve (with a balance of $650,000) are resulted from the Unfunded Liabilities Funding Strategy accepted by the City Council on October 24, 2018. Click here for more information on the Town's 2018 Unfunded Liabilities Funding Strategy.

General Fund Reserve Summary for Fiscal Year 2018-19
Close window