01/10/18 – 3 A.M.
The Findlay City Council appropriations committee met for the first time this year and discussed having an appropriate cash balance. Committee chair Grant Russel explained that having extra cash reserves can help the city in two major ways.
The city has two ordinances that make sure theres cash to protect the city and allow for these deals. Russel explained that one is to make sure the city has a $1 million rainy day fund. The other ensures that 16% general fund is in cash for any extra projects or deals the city may earn.