HomeMy WebLinkAbout42-98 - Res. Adopting Financial Policy for Current Expense Cash Reserve RESOLUTION NO.
ADOPTION OF FINANCIAL POLICY FOR CURRENT EXPENSE CASH
RESERVE
WHEREAS, RCW 36.32.120, states "..the board of county commissioners...have
the care of the county property and the management of the county funds and business.."
WHEREAS, it is the intent of the Board of Mason County Commissioners to
maintain a cash reserve (fund balance) in the Current Expense (General) Fund that is
adequate to provide a fiscal cushion that meets seasonal cash flow shortfalls;
IT IS HEREBY DECLARED that: the Board of Mason County Commissioners
will strive, as part of the budgetary process, to maintain a one million dollar ($1,000,000)
cash reserve (fund balance) in the Current Expense Fund, recognizing that it may take five
years from this date to achieve that goal.
APPROVED this day of April, 1998.
BOARD OF COUNTY COMMISSIONERS
in Bolender, Chairperson
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Ma 7 C acc Commissier'�
Cynthia . Olsen, Commissioner
ATTEST:
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Rebecca S. Rogers, Clerk ofthe Board
A PRb AS TO FORM:
Michael Clift, Chief Deputy Prosecutor