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Discussion of Use of Excess Cash Reserves
To:
Mayor and City Council
From:
City Manager
Date:
November 19, 2014
Subject:
City Council Workshop
The Council reviewed the current City Reserves and has established a threshold of maintaining 150 days of cash reserves.

Currently the City has approximately 273 days of reserves set aside. This equates to approximately $2,671,960 in excess reserves. The final figure will be available later this month when the books for last fiscal year are closed.

Staff would like to begin the discussion with the Council on their expected use of the excess reserves.

 
 
City of DeBary, FL
16 Colomba Rd, DeBary, FL 32713
Phone: (386) 668-2040  Fax: (386) 668-4122