Reserve policy revisions for authority funds
Humboldt Waste Management AuthorityCalifornia- Detected
- Aug 13, 2026
- 76 days ago
- Sector
- Administration & Finance
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From the meeting
At its August 13, 2026 meeting, HWMA considered revised Policy 3030 to redefine reserve accounts under GASB 54 and set the Capital Improvement Fund and Long-Term Organics Fund as assigned reserves. The draft also kept $400,000 for the rate stabilization reserve, $150,000 for the personnel stabilization reserve, and a 30-day cash-on-hand floor. The board packet said the changes were tied to the February 5, 2026 audit letter and would be effective August 13, 2026 if adopted.
- Meeting date
- August 13, 2026
- Agency
- Humboldt Waste Management Authority
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