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<br />______________________________________________________________________________ <br /> <br />Page 2 of 2 <br />second revision is a statement clarifying reserve balances may be used for interfund transfers <br />(loans) in lieu of external borrowing. <br /> <br />The attached redlined policy contains minor verbiage edits and the specific revisions described <br />above. For the sake of clarity, only the additions are shown in red. <br /> <br />Commission action is not required as A.10 - Financial Reserves is a management policy. Staff is <br />providing the policy because of its importance to sound financial management and to maintain <br />transparency with the Commission and our customers. <br /> <br /> <br />ATTACHMENTS: <br />• ERMU Policy - A.10 - Financial Reserves <br />145