Title
Appointment - 9:30 a.m.
Government Finance Officers Association (GFOA)
(Shayne Kavanagh)
Proposed Motion
That the GFOA Restricted Surplus Analysis be received for information, as presented.
Body
Administration Recommendation
Administration supports the recommendation as presented.
Purpose
The Restricted Surplus Analysis is being presented for comment and feedback prior to implementation of the recommendations.
Summary
GFOA was engaged by the County to complete an analysis of the Restricted Surplus levels held by the County. The purpose was to ensure that the County holds sufficient Restricted Surplus funds to hedge against known and potential cash outflows faced by the County. The result of this analysis is included in the attached report "A Risk-Based Analysis of Restricted Surplus Requirements" (Attachment 2).
Strategic Plan/Policy/Legal/Staff Implications:
Core Values, Responsibility: Parkland County will conduct itself in an open and transparent manner, and provide quality service to residents and clients through efficient and effective practices while we undertake continuous improvement.