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The town of Frisco approved a resolution officially adopting the 2022 budget at its meeting Tuesday, Oct. 26. The projected total fund balance for 2022 is $22.15 million, with all funds meeting their required reserves.. ....
Frisco hires former Breckenridge employee Leslie Edwards as new finance director summitdaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from summitdaily.com Daily Mail and Mail on Sunday newspapers.
Photo by Sawyer D Argonne / [email protected] Frisco officials last week approved a budget amendment that includes about $2.9 million in additional spending, attributing the change primarily to a stronger-than-anticipated finish to 2020 financially. The Frisco Town Council approved an ordinance to amend the 2021 budget during a regular meeting April 27, and officials plan to funnel the extra funds toward hiring for unfilled positions, capital improvement projects and more. Finance Director Bonnie Moinet presented the recommended expenditures during the meeting, noting that she felt the town would still be left in a strong financial position at the end of the year despite the expanding bottom line. ....
Photo by Sawyer D Argonne / [email protected] Frisco will be taking a deeper look into environmentalism and other social factors as it examines its investments moving forward. The Frisco Town Council dove into potential changes to the town’s investment strategy during a work session discussion Tuesday, Feb. 23, focusing on whether to add additional criteria to its decision-making matrix when it comes to investing taxpayer dollars. Frisco has invested $27.6 million in public funds, all of which is broken up into three types of holdings: 78% into local government investment pools, 18% into certificates of deposits (CDs) and 4% into U.S. treasuries and agencies. The town traditionally has followed three criteria for smart investing, which look into safety, liquidity and yield. During the meeting Tuesday, officials discussed adopting a fourth criterion known as an ESG framework, or environmental, social and governance framework. ....