The City of Tallahassee recently updated the financials for their operations in the fiscal year 2013 and the budgeted numbers for 2014. One of the items updated was the “Schedule of Reserves.” The “Schedule of Reserves” details the City of Tallahassee policies and reserve level requirements for eleven different funds. Reserves are used to address […]
The debate about the COT electric utilities reserves is beginning to provide answers, though questions remain. Last Wednesday the COT brought in consultants to provide more information about the appropriate level of the electric reserve. City staff is seeking a reserve level between $119 million and $185 million. The reserve is currently at $105 million. […]
