§ 2-125. Obtaining the maximum reserves balances as established in section 2-124.

(a)

The City of Copperas Cove shall designate the unencumbered fund balances in the following percentages per the stated funds until the maximum balances, as defined in section 2-124, have been obtained:

(1)

General Fund—No less than fifty (50) percent annually.

(2)

Utility Funds—No less than forty (40) percent annually.

(3)

Other Funds—No less than twenty (20) percent annually.

(b)

Upon obtaining the section 2-124 fund balances, this section will not apply.

(Ord. No. 2011-50, § 1(Exh. A), 9-20-11)