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An independent project organizing public records from the City of Nowthen, Minnesota. Not an official city site. Documents and votes are sourced from cityofnowthen.gov; interpretations are AI-extracted and may need correction.

Home/Money/Clusters/$60

Cluster · rate · no year

$60

Verified

Historical reserve fund balance as a percent of expenditures for Nowthen.

Not promoted to the official baseline.

This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.

Corroboration

1docs

Consensus

0%

Votes attached

0

Date range

2022-09-13 — 2022-09-13

Every document that mentions this number (1)

Meeting City Council Meeting — Minutes (2022-09-13)Sep 13, 2022p.3raw: 60-65%
PDF →Auto-extracted
Historical reserve fund balance as a percent of expenditures for Nowthen.
the state auditor likes to see reserves at 25-40%, Nowthen has consistently has 60-65%. After using some of the city's reserves, it will still have 67% in reserves.
Reasoning: This is a historical average for the city's reserve fund balance.