Council Approves Changes To Financial Policies

County Council voted 4-3 this evening to approve financial policy changes to the general fund, including dropping general fund reserves to 20 percent from 25 percent, moving the warning for reserves to 15 percent and consolidating those funds into one fund. Councilors James Chrobocinski, David Izraelevitz, Pete Sheehey and Chair Rick Reiss voted for the measure. Council also approved 7-0 a general fund move of $1 million to the Economic Development Fund and $500,000 to the Capital Improvement Project fund. Reiss emphasized that these moves do not mean the money is being spent but rather a move from one fund to another. Photo by Carol A. Clark/ladailypost.com

General Fund Budget Summary Chart. Photo by Carol A. Clark/ladailypost.com

Search
LOS ALAMOS

ladailypost.com website support locally by OviNuppi Systems

Subscribe to your choice of breaking and/or daily news headlines.

Copyright © 2012-2023 The Los Alamos Daily Post is the Official Newspaper of Record in Los Alamos County. This Site and all information contained here including, but not limited to news stories, photographs, videos, charts, graphs and graphics is the property of the Los Alamos Daily Post, unless otherwise noted. Permission to reprint in whole or in part is hereby granted, provided that the Los Alamos Daily Post and the author/photographer are properly cited. Opinions expressed by readers, columnists and other contributors do not necessarily reflect the views of the Los Alamos Daily Post. The Los Alamos Daily Post newspaper was founded by Carol A. Clark on Feb. 7, 2012.

CSTsiteisloaded