How Much Really Is in City Reserves? ; the Amount Is Listed at $9m, but the City Can Actually Spend $6.1m; National Government Finance Group Standards Say Cheyenne Should Have Somewhere Between $2m and $7m.

Wyoming Tribune - Eagle › November 17, 2005

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Summary

CHEYENNE -- While Mayor Jack Spiker said in a news release last week that general fund reserves are at $9 million, only $6.1 million remains unearmarked.

When asked about providing the $9 million number to the public, Spiker said, "We're not figuring reserves any differently today than we did 12 years ago; it has always been that way."

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How Much Really Is in City Reserves? ; the Amount Is Listed at $9m, but the City Can Actually Spend $6.1m; National Government Finance Group Standards Say Cheyenne Should Have Somewhere Between $2m and $7m.

The mayor said auditors would consider all the money that's earmarked part of reserves.

The designated money includes bonds and loans that eventually wil...

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