THE Shire of Serpentine-Jarrahdale has made its emergency reserve funds more accessible.
The Shire’s original policy referred to a ‘declared natural disaster’ which made it difficult to access funds after extensive storm damage that occurred across Serpentine in January.
The Shire has now set a minimum and maximum balance to prevent the need for annual top- ups.
The minimum suggested would be $250,000, with a cap of $400,000.
In previous years, 0.5 per cent of the Shire’s rates income had been allocated each year to the reserve.
The name of the reserve fund will also be changed from ‘Natural Disaster Recovery Management Reserve’ to ‘Emergency Management Reserve’ to more suitably reflect the purpose of the reserve fund.