Lakewood

City Council

November 14, 2023 Reports #1

Agenda Item 1

3.1 ESTABLISH A GENERAL FUND BALANCE RESERVE CATEGORY - LEGAL FEES\nCONTINGENCY FUND - Staff recommends the City Council formally establish a Legal Fees\nContingency Fund in the amount of $1.3 million within the General Fund Assigned Fund Balance\ncategory to be reflected in the FY 2022-23 Annual Comprehensive Financial Report (ACFR).