Graham, Donna
To: fredteeboom
Subject: RE: Fixing the Fund balance Ordinance
From: fredteeboom [mailto:fredtee@comeast.net]
Sent: Wednesday, September 30, 2020 1:11 PM
To: Board of Aidermen
Cc: Donchess, James; Griffin, John
Subject: Fixing the Fund balance Ordinance
Members Board of Aldermen
During Public Comment on R-20-067, “Establishing the Use of Fund balance for Tax Rate" I
mentioned that the cited NRO 5-135A did not conform with the city’s calculation for
maintaining a minimum undesignated (unassigned) fund balance.
CFO Griffin stated that the current calculation, although in variance with NRO 5-135A, has
been followed for decades.
Alderman Jetty, during debate, picked up on this and suggested NRO 5-135A be redrafted to
conform with current practice.
I do not disagree with the city's current calculation, but the ordinance must be fixed to
conform. The purpose of ordinances is to provide for agreed procedure through law: not find a
way to circumvent and justify this as “traditional practice”
Attached is my recommendation for fixing NRO 5-135A. This maintains the 10% minimum
requirement, conforms with current practice, and therefore has no effect on the CAFR.
T urge the alderman to sponsor this recommendation as an ordinance change.
Fred Teeboom
24 Cheyenne Drive, Nashua, NH
