AMENDMENT

Neighborhoods, Community Services, Public Health and Safety Committee · 2026-08-17 · agenda_item

This item concerns a proposed amendment to Ordinance 2026-213-E, which deals with budget stabilization reserves. The amendment aims to correct account information within the existing ordinance. The ordinance itself established a process for funding approved, but unfunded, financial incentives by using a portion of the General Fund or GSD unassigned fund balance. This available balance must be above a certain floor. A specific amount has been calculated as being above this floor and will be moved to a contingency account. This item is currently pending review. The work involved would be administrative and financial in nature, focusing on accounting and budget management. Local businesses that provide accounting, financial consulting, or legal services related to municipal finance and budgeting may find opportunities in supporting or understanding these financial processes.

floor amount

392,138,000

calculated amount above the floor

33,958,000

percentage of General Fund/GSD Operating Budget

17 %