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Item K13 BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: March 21@2001 Bulk Item: Yes No X Department: District Five AGENDA ITEM WORDING: Discussion item: The Monroe County Commission is responsible for the levying and spending of taxpayer funds. It is imperative to accomplish this task, to know and understand the current balances in the General and Special Funds and the percentage of the balance to the annual expenditures. Division: BOCC ITEM BACKGROUND: There are many current needs for county taxes to be spent on county parks, land purchases, building and office space and other county obligations. As county government is not intended to save beyond prudent levels, a percent of each fund balance should be capped for reserves over a three-year average balance. PREVIOUS RELEVANT BOCC ACTION: CONTRACT/AGREEMENT CHANGES: STAFF RECOMMENDATION: TOTAL COST: BUDGETED: Yes No COST TO COUNTY: REVENUE PRODUCING: Yes No AMT. PER MONTH YEAR APPROVED BY: County Attomey_ OMB/Purchasing_ Risk Mgt. DIVISION DIRECTOR APPROVAL: ~ a, /~ // t.:/ Murrav E. Nelson, Commissioner DOCUMENTATION: Included To Follow Not Required _X_ DISPOSITION: AGENDA ITEM #