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Panama City commissioners’ spending habits create reserve fund concerns
PANAMA CITY, Fla. – Two months ago, Panama City Clerk Jan Smith revealed the city’s reserve funds are dangerously low. On Tuesday night Smith revealed the problem is more urgent than before.
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Panama City clerk sets new reserve fund balance target
Right now, Panama City is just over 17%. Last month, commissioners asked City Clerk Jan Smith to create an attainable target. On Tuesday, Smith changed the target to the GFOA’s 16.7% target.
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Panama City commissioners establish new strategic priorities workshops
For the last several months, city clerk Jan Smith has warned Panama City commissioners about the low reserve fund balance and overspending. For more News, Weather, and Sports in Panama City ...