Manteca is going to keep squirreling away money for reserves but it is going to do so in a manner that will provide a cushion against rising pension costs as well as provide elected officials with a significant discretionary pool of money that could address a wide variety of community issues as they arise throughout the year.In short, it would allow the council — and therefore the city — to be more flexible and responsive to community issues that pop up that require spending money beyond what has been budgeted. Based on this year’s budget, if the policy changes had been in place it would have created an unassigned pool of funds of $1.4 million as opposed to $170,882.The fine tuning of the city’s general fund reserve policy is part of the first municipal budget being developed on City Manager Tim Ogden’s watch. The council earlier this month indicated they favored the changes during a budget workshop that is the precursor to rolling out a preliminary spending plan on May 7 for the 2018-2019 fiscal year that starts July 1.If implemented, it would pump up the unassigned reserve that the City Council could tap into for discretionary projects.
Budget reserve change: Manteca could become more responsive