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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/$88

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$88

Verified

Current percentage of city reserves relative to annual expenditures.

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%

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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: 88%
PDF →Auto-extracted
Current percentage of city reserves relative to annual expenditures.
Summarizing the reasons for the proposed increase of 6.94%, higher - Staffing, loss of state funding (grants are not guaranteed), fiscal disparity funds, the city will use some of its reserves (currently at 88% - 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 reported reserve fund balance as a percent of expenditures.