The Budget Advisory Committee (BAC) of Englewood City convened on September 4, 2025, to discuss critical financial policies aimed at guiding the city’s budgetary decisions. The meeting, led by Chair Peter Eichel, focused primarily on developing a recommended reserve policy, a crucial step in ensuring the city’s financial stability.

Eichel emphasized the urgency of finalizing this policy by the end of October, stating, “Our goal is to go through some of the levers and things we want to consider in providing council with reserve policy guidance.” This timeline reflects the committee's commitment to enhancing fiscal responsibility and transparency in city budgeting.

Laura Cooper, a committee member, presented initial policy guidance, highlighting the need for clarity on specific conditions under which the city might adjust its financial reserves. She noted that the committee had received requests for more detailed documentation regarding when to increase or decrease reserves, as well as strategies for replenishing funds if they fall below target levels.

The discussions also touched on the importance of establishing a framework for these adjustments, ensuring that the city can respond effectively to changing financial circumstances. Cooper remarked, “We may need to add to it,” indicating that the committee is open to refining its approach based on ongoing discussions and feedback.

While public participation was minimal, with no comments from attendees, the committee's focus on reserve policy is poised to have significant implications for Englewood's financial health. As the BAC works towards finalizing its recommendations, the outcomes of these discussions will be crucial for the city’s budgetary planning in the coming years.