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service that should be outstanding at any time. (NACSLB Practice 4.3, 4.3a, GFOA <br />Recommend Practices pp. 90-92) <br />2. Reserve or Stabilization Accounts - A jurisdiction should adopt a policy(s) to maintain a <br />prudent level of financial resources to protect against the need to reduce service levels or <br />raise taxes and fees due to temporary revenue shortfalls or unpredicted one-time <br />gfpoaexpenditures. (NACSLB Practice 4.1) <br />3. Operating/Capital Expenditure Accountability - A jurisdiction should adopt a policy(s) to <br />compaze actual expenditures to budget periodically (e.g., quarterly) and decide on actions to <br />bring the budget into balance, if necessazy. (NACSLB Practice 7.2) <br />References <br />^ National Advisory Council on State and Local Budgeting. Recommended Budget Practices: <br />A framework for Improved State and Local Government Budgeting. GFOA, 1998. <br />^ A guide for Preparing a Debt Policy, Patricia Tigue, GFOA, 1998. <br />^ GFOA Recommended Practice. "Setting of Government Charges and Fees" (1996). <br />^ "Elements of a Comprehensive Local Debt Policy," Gove~°nment Finance Review, October <br />1994. <br />^ "Developing Formal Debt Policies," Government Finance Review, August 1991. <br />2005 MWMC Financial Plan -Appendix III Page 44 <br />