The City of Sedgwick is between administrators and has a looming budget deadline, so they’ve hired Kristine Polian, former Assistant City Administrator for Finance and Administration at Valley Center as a consultant to provide insight and direction for the budgeting process. Last week, Polian told the council during their monthly work session that what she sees in their financial statements is pretty impressive considering where the city was a few years ago. She presented four budget recommendations for the council to consider. First, establish minimum fund balances for the general fund (25% of fund expenditures), water/sewer (25% of fund expenditures), refuse (10% of fund expenditures), employee benefits (15% of fund expenditures), and bond & Interest (2.5% of fund expenditures).
Source: Harvey County Now
