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Presentation - Item 21 - FY2026-27 Early Direction_V17
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Presentation - Item 21 - FY2026-27 Early Direction_V17
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4/7/2026 7:58:10 PM
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City Clerk
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21
Date
4/7/2026
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One -Time Spending <br />12 <br />General Liability Fund <br />Current Status : <br />•Reserve shortfall of approximately $1.7 million <br />•Used to pay claims and legal settlements <br />•Ongoing exposure from claims, litigation, and potential future liabilities <br />Setting aside one -time funds would help strengthen reserves, reduce the shortfall, and provide additional capacity <br />for potential claim obligations <br />Shall staff include a one -time $1.7 million transfer to the General Liability Fund in FY 2026 -27?
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