Desk Item
PREPARED BY: STEPHEN CONWAY
Finance Director
Reviewed by: Town Manager, Assistant Town Manager, and Town Attorney
110 E. Main Street Los Gatos, CA 95030 ● 408-354-6832
www.losgatosca.gov
TOWN OF LOS GATOS
TOWN COUNCIL REPORT
MEETING DATE: 05/15/2018
ITEM NO: 5
DESK ITEM
ITEM NO: 11
DATE: MAY 8, 2018
TO: MAYOR AND TOWN COUNCIL
FROM: LAUREL PREVETTI, TOWN MANAGER
SUBJECT: ADOPT AN UPDATE TO THE TOWN’S GENERAL FUND RESERVE POLICY AS
RECOMMENDED BY THE COUNCIL FINANCE COMMITTEE AND APPROVED
BY COUNCIL
RECOMMENDATION:
Adopt an update to the Town’s General Fund Reserve Policy as recommended by the Council
Finance Committee and approved by Council.
REMARKS:
Attachment 3 contains public comments received after the distribution of the staff report.
Attachments previously received with Staff Report:
1. Existing General Fund Reserve Policy 4-03
2. Proposed General Fund Reserve Policy (red lined)
Attachment received with this Desk Item:
3 Public Comments received between 11:00 a.m., Monday, May 14, 2018 and 11:00 a.m.,
Tuesday, May 15, 2018.
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