Budget growth pushes reserves higher
Nick Todaro, [email protected]
Ennis projects emergency reserve funding will grow to top $4 million in the coming budget cycle.
The 2013-2014 budget report outlines a fund reserve in the general fund of $4.18 million for emergencies, and a contingency spending line item of about $11,000.
City Manager Steve Howerton said the accumulated money is set aside for use in the case of catastrophic situations that would curtail or remove revenue streams entirely.