File #: 190325    Version: Name:
Type: Request Status: Passed
File created: 7/31/2019 In control: Village Board of Trustees
On agenda: Final action: 9/5/2019
Title: Long Range Plan (LRP) Reserve Fund - Policy Options Recommendation to approve the proposed distribution of the $1.15 million balance in the LRP Fund through the Waterfall (per Year-End General Fund Reserve Maintenance Policy) for the 2019 LRP amount. The Finance and Administration Committee voted 5-1 to recommend approval of Option 1 - Mirror Policy on Year-End Revenues over Expenditures(Waterfall) as it will help pay down pension liabilities and provide some flexibility for the future if needed.
Attachments: 1. Legistar #190325, 2. BOT 9-5-2019 Leg#190325, 3. Cover Page 190325.pdf

Title

Long Range Plan (LRP) Reserve Fund - Policy Options

Recommendation to approve the proposed distribution of the $1.15 million balance in the LRP Fund through the Waterfall (per Year-End General Fund Reserve Maintenance Policy) for the 2019 LRP amount. The Finance and Administration Committee voted 5-1 to recommend approval of Option 1 - Mirror Policy on Year-End Revenues over Expenditures(Waterfall) as it will help pay down pension liabilities and provide some flexibility for the future if needed.

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