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accrued liability is $88,718. Designating the fund balance in the Severance pay reserve fund will show the <br />commitment to addressing the liability. <br />Financial Impact <br />The 2008 unreserved, designated for working capital fund balance will be 41.1 percent of next year's <br />budgeted expenditures for the General fund. The Severance pay reserve fund balance will be designated <br />in the amount of $88,718 for OPEB liability. <br />Attachments <br />• Statement of Position -Fund Balances for Local Governments <br />• Memo from September 8, 2008 regarding the actuarial valuation <br />Action Motion by Second by Vote <br />FOllow Up <br />C:\Documents and Settings\jjohnson\Local Settings\Temporary Internet Files\OLK49\2008fundbalancedesignations.doc <br />