To: BOARD OF SUPERVISORS
From: Executive Office
Meeting Date: March 24, 2026
|
Department Contact: |
Darcie Antle |
Phone: |
707-463-4441 |
|
Department Contact: |
Sara Pierce |
Phone: |
707-463-4441 |
|
Item Type: Regular Agenda |
|
Time Allocated for Item: 15 Minutes |
Agenda Title:
title
Discussion and Possible Action Including Approval of Revisions and Renaming of General Reserve and Contingencies Policy No. 32 to “Reserve and Fund Balance Policy No. 32”
(Sponsor: Executive Office)
End
Recommended Action/Motion:
recommendation
Approval of revisions and renaming of General Reserve and Contingencies Policy No. 32 to “Reserve and Fund Balance Policy No. 32”
End
Previous Board/Board Committee Actions:
Mendocino County’s General Reserve and Contingencies policy #32 was originally adopted on March 16, 1999. The policy was amended on April 24, 2012. Included in the proposed budget for Fiscal Year 2025-26, the Executive Office committed to presenting revisions to the County’s Reserve Policy to better reflect current fiscal needs.
Summary of Request:
To address current financial challenges and to strengthen the County’s governance of reserve funds, the Executive Office is recommending the approval of an amended Policy #32 - General Reserve and Contingencies. The amended policy, renamed Reserve and Fund Balance, simplifies the County’s General Fund reserve structure with the creation of three (3) reserves, the Contingency Reserve, the Rainy Day Reserve, and the Infrastructure and Systems Reserve.
Contingency Reserve: A general reserve to guard against short-term unanticipated revenue and expenditure changes affecting the annual adopted budget.
Rainy Day Emergency Reserve: A stabilization reserve to guard against longer-term impacts resulting from major financial and operations events, including recessions, natural disasters, and other declared emergencies.
Infrastructure and Systems Reserve: A reserve to improve the County’s investment in deferred maintenance, systems modernization, and other one-time purposes.
The policy further sets target reserve limits and outlines authority for the deposit of funds into each reserve.
Alternative Action/Motion:
Provide alternate direction to staff.
Strategic Plan Priority Designation: An Effective County Government
Supervisorial District: All
Vote Requirement: Majority
Supplemental Information Available Online At: N/A
Fiscal Details:
|
source of funding: N/A |
|
current f/y cost: N/A |
|
budget clarification: N/A |
|
annual recurring cost: N/A |
|
budgeted in current f/y (if no, please describe): N/A |
|
revenue agreement: N/A |
AGREEMENT/RESOLUTION/ORDINANCE APPROVED BY COUNTY COUNSEL: N/A
CEO Liaison: Executive Office
CEO Review: Yes
CEO Comments:
FOR COB USE ONLY
|
Executed By: Deputy Clerk |
Final Status: Item Status |
|
Date: Date Executed |
Executed Item Type: item |
|
|
Number: |
|
|
|