Town Of Moraga

Town Reserve Policy Updated

At its meeting on January 14, the Town Council targeted a General Purpose Fund reserve policy of 50% of annual expenditures. In addition, as a mechanism to set aside needed funds for the expected replacement of assets such as roofs, building components, traffic signals, vehicles, etc., the policy was updated to require surplus monies above the 50% target transferred to the Asset Replacement Fund to be used for asset replacement needs.

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