March 12, 2026 Work Session

The City of Lake Forest Park held a City Council work session on March 12, 2026, focusing primarily on governance manual revisions and financial outlook and budget strategies. The council reviewed and discussed final edits to the governance manual, including clarifications on liaison roles, email and document retention policies, meeting procedures, and appointment processes. Legal review was planned to ensure compliance with state law. The financial discussion centered on budget stabilization and strategic opportunity funds, exploring their purposes, funding sources, and potential codification in the municipal code. Council members debated reserve fund targets, considering increasing from 16% to 24% of expenditures to better manage cash flow and unforeseen events. The session included considerations on how to allocate funds between stabilization and opportunity purposes, with plans to continue the budget discussion in future meetings. No specific contract awards or procurement decisions were made during this session.