Drummond: Yorba Linda council again puts surplus toward pension and medical costs

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Drummond: Yorba Linda council again puts surplus toward pension and medical costs

Most years Yorba Linda’s municipal government collects more revenue from taxes and fees than is needed to cover general fund expenditures, with the overage added to funds held in reserve accounts. A longtime City Council-approved policy is to keep the reserves funded at 50% of the year’s general fund expenditures, and another council-approved policy is to adopt a plan to use the excess funds when the reserves exceed 60% of general fund expenditu…