Draft Reserve and Reserve Fund Policy

Finance Department

Reserve and Reserve Fund Policy for the City of Sarnia

Notice is hereby given that Sarnia City Council, at its regular meeting to be held on Monday, September 10, 2018 starting at 4:00 p.m. in the Council Chambers at City Hall, will consider the adoption of a Reserve and Reserve Fund Policy for the City of Sarnia.

The purpose of the Reserve and Reserve Fund Policy is to ensure the ongoing financial stability of the City by setting aside monies for the long term goals of the municipality and ensuring that those funds will be available when needed.  The policy is intended to establish consistent standards, which will assist in the development, maintenance, and use of Reserves and Reserve Funds in a responsible and consistent manner.  A link to the draft policy is available below.

If you have input that you would like to be considered by Council, please provide it to the Finance Department no later than 12:00 noon on Thursday, August 16, 2018 by email to finance@sarnia.ca or by mail at 255 N. Christina Street, P.O. Box 3018, Sarnia, ON, N7T 7N2.

 

Draft Reserve and Reserve Fund Policy