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File #: 19-2210   
Type: Orange County Transportation Authority Item Status: Committee Ready - Consent
File created: 10/29/2019 In control: Finance and Administration Committee
On agenda: 11/13/2019 Final action: 11/25/2019
Title: Reserve Policy
Sponsors: Sean Murdock, Andrew Oftelie
Attachments: 1. Transmittal, 2. Staff Report, 3. PowerPoint

Title

Reserve Policy

 

Overview

The Orange County Transportation Authority is committed to prudent fiscal management and maintaining the ability to fund its programs and services during times of economic uncertainty.  Orange County Transportation Authority has a history of maintaining reserves to mitigate the impacts of financial risks to the programs operated by the Orange County Transportation Authority.  The goal of this policy is to formalize the existing reserve policy for those programs and include them in one document for clarity and transparency.

 

Recommendation(s)

Adopt the Reserve Policy and implement the policy in current and future financial plans.