• Local Produce
  • Buy Local
  • Local Seafood
  • Local Food
  • Local Music
  • Local Art
  • Local Churches

CAPE CHARLES MIRROR

Reflections on Cape Charles and the Eastern Shore

  • Local Services
  • Local Rentals
  • Local Employment
  • News
  • Opinion
  • Classifieds
  • Pets
  • Contact Us
  • Rant and Rave
  • Asses&Villains

Cape Charles Adopts General Operating Reserve

November 22, 2020 by Leave a Comment

While there is no requirement, the Town of Cape Charles formally adopted a General Operating Reserve (GOR) fund. Town Council will commit funds to a General Operating Reserve (GOR), which will be adjusted with each budget cycle.

The GOR is meant to meet the cash flow and liquidity needs of the Town, and to aid in adjusting to the revenue flux that occurs throughout the budget cycle.

The town is shooting for twenty percent (20%) of the upcoming fiscal year’s general operating expenses.

The fund may only be decreased or appropriated for another purpose upon approval of a supermajority of the Town Council.

Filed Under: Bottom, News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Join the Conversation!

Send letters, opinion, goings on or photos to capecharlesmirror@gmail.com

Mirrors

Recent Comments

  • Doug Luther on Rep. Luria and USDA Announce Nearly $1 Million Investment on Eastern Shore
  • Tom on Surfer Rules: August 2022
  • Madam X on Cape Charles Police Officers Graduate
  • Paul Plante on Asses&Villains: Roe vs. Wade Edition
  • CCBabe on Cape Charles Police Officers Graduate
  • Paul Plante on Asses&Villains: Aug 7, 2020
  • Paul Plante on Op-Ed: Madness and Insanity in a Time of Joe Biden
  • Bob on Rep. Luria and USDA Announce Nearly $1 Million Investment on Eastern Shore
  • Paul Plante on Asses&Villains: Aug 7, 2020
  • Paul Plante on Asses&Villains: Roe vs. Wade Edition
  • Chad on Cape Charles Police Officers Graduate
  • Paul Plante on How deep are the Biden Lies?
  • Paul Plante on Asses&Villains: Monkey Pox Edition
  • boy on Shore Native Skylar Demarino Drops New Single
  • Paul Plante on Asses&Villains: Roe vs. Wade Edition
  • MARY A COX on Shore Native Skylar Demarino Drops New Single
  • Paul Plante on Call it Stagflation or Recession, but we are hurting
  • Paul Plante on Asses&Villains: Roe vs. Wade Edition
  • Tired of NIMBYs on Board Of Zoning Appeals will hold a Public Hearing on August 9th
  • Boy on Shore Native Skylar Demarino Drops New Single

Trending Now

  • Surfer Rules: August 2022
  • Rep. Luria and USDA Announce Nearly $1 Million Investment on Eastern Shore
  • Cape Charles Police Officers Graduate
  • Video: Water Spout hits Smith Island
  • Historic District Review Board will hold its Regular Meeting on 8/16/2022
  • Apply for Opening on Planning Commission
  • Bringing Animals Into the College Classroom: My Experience
  • Op-Ed: Madness and Insanity in a Time of Joe Biden
  • Time to Dance, Stretch and Move with Mara
  • Asses&Villains: Aug 7, 2020

Copyright © 2022 · News Pro Theme on Genesis Framework · WordPress · Log in