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Budget and Financial Policies_rev June 2017
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Budget and Financial Policies_rev June 2017
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5/10/2018 9:21:13 AM
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8/2/2017 5:32:54 PM
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FY 13-14: 100 % of recurring revenue projected; <br />FY 14-15: 99 % of recurring revenue projected; <br />Such factors shall be used to generate General Fund savings until such time that a 7%-8% unassigned <br />General Fund reserve has been achieved. <br />Any generated General Fund savings achieved after reaching between a 7%-8% undesignated General <br />Fund reserve shall be applied in the following order: <br />Up to a max of 25% -Unassigned General Fund Reserve <br />Up to a max of 25% -Economic Uncertainty Reserve <br />Up to a max of 50% -Can be applied to term, specific programs, projects, personnel as well as deferred <br />capital maintenance. <br />Budget & Financial Polices (Rev. 6/2017) Page 4 <br />
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