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MRSC Insight Blog


Posts for Fund Balance and Reserves

MRSC Expands its Financial Policy Guidance

MRSC Expands its Financial Policy Guidance

April 27, 2017  by  Toni Nelson
Category:  Asset Management ,  Debt ,  Financial Management ,  Fund Balance and Reserves ,  Investments

MRSC and the State Auditor’s Office Local Government Performance Center have launched a series of online resources to help Washington State local governments develop and adopt effective financial policies and procedures, while complying with SAO’s policy requirements.

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Which Financial Policies Work Best? 'It Depends.'

Which Financial Policies Work Best? 'It Depends.'

April 26, 2017  by  Mike Bailey
Category:  Financial Management ,  Fund Balance and Reserves

What is the right level of fund balance for local government? For many reasons, "It depends" is the best place to start when answering that question. 

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Does Your City have Too Many Funds?

Does Your City have Too Many Funds?

April 14, 2016  by  Randy Hinchliffe
Category:  Guest Author ,  Budgets and Budgeting ,  Financial Management ,  Fund Balance and Reserves

Not too long ago, I read a short tidbit in one of the local newspapers about the adoption of a nearby city’s budget. I was struck by the fact that the city had 28 different funds in its budget. With so many funds to account for, it got me thinking about the criteria for establishing funds and when a city might have too many funds.

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Reprioritizing in the Rebound

August 31, 2013  by  Tracey Dunlap
Category:  Guest Author ,  Financial Management ,  Fund Balance and Reserves

At a recent retreat, the Kirkland City Council discussed how to proactively plan what to do with increased revenues as the economy recovers. This blog post recaps some of the key points from that discussion.

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