Sample | Capital Reserve Fund Resolution and Amendment

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As an alternative to fund balance, a local government and public authority may save money for future capital projects in a capital reserve fund. A CRF may be associated with the general fund and/or enterprise fund(s). It must be adopted and amended in accordance with G.S. 159-18 through -23. Here is a sample capital reserve fund resolution and amendment for a local government’s water and sewer fund.

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