Financial Reserve policy adopted by the Cosumnes CSD
Formalized reserve policy.
The Cosumnes Community Services District (CCSD) Board of Directors voted unanimously Wednesday to adopt a new financial reserve policy, formalizing a 25 percent minimum reserve requirement for the district's General Fund and the voter-approved Measure E Fund.
The five-member board approved the measure during its meeting on September 3, 2025. The new policy enhances what was previously an administrative guideline into a formal Board policy.
According to a staff report from General Manager Tim Ogden and Finance Director Nou Vang, the reserve target is based on a risk assessment. It aligns with best practices from national organizations.
The report highlights that maintaining this level of reserve is crucial for ensuring cash flow stability, economic resilience, and readiness to respond to emergencies or unforeseen events.
The board unanimously supported the recommendation to adopt the policy. An audio recording of Ms. Vang's presentation and the board's questions is available in the audio file posted below.
Listen Time 18 Minutes
