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Monroe City Council: June 8, 2011
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MONROE - In a meeting Tuesday, the City of Monroe Finance and Taxation Committee:- Set the minimum amount of the undesignated reserve fund balance at 25 percent of the city's annual operating expenses, which will be will be included in the final fund balance policy. The city currently has an unreserved funds balance of $6.2 million. The 2011 expenditures are budgeted at $13 million.