Finance and Parks & Recreation Committee Meeting | October 28, 2026

The City of Mount Vernon Finance and Parks & Recreation Committee meeting on October 28, 2026, focused on proposed 2027 budget assumptions and department needs. Finance staff presented a possible change to the investment policy that would direct unrestricted investment income to the General Fund rather than distributing it proportionally among funds. The change could add more than $1.2 million to General Fund reserves, but would require a council ordinance and annual allocation through the budget process. No decision or vote was taken on the proposal. Staff also reviewed a proposed General Fund reserve position above the city’s policy threshold under this approach.