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gas, electricity, garbage and telephone; $30,400 for postage; $21 100 for equipment rental;
<br />and $79,300 for materials, supplies, and uniforms. These increases are offset by decreases for
<br />repairs and maintenance ($30,700), and vehicle maintenance ($46,000).
<br />D. General Fund Reserves
<br />With the changes staff is recommending to the General Fund 2000 -01 Budget, ending
<br />General Fund reserves will total $8.3 million.
<br />The following additions /uses of reserves were approved when the 2000 -01 budget was
<br />originally adopted:
<br />$200,000 addition to the Reserve for Economic Uncertainties
<br />$600,000 balance in the Carryover Reserve used to fund Building and Public Works
<br />Inspection Services.
<br />Staff is now also recommending an additional $100,000 be added to the Reserve for
<br />Economic Uncertainties, in order to bring the total to its required level which is 10% of
<br />General Fund revenues.
<br />The additions /uses of reserves recommended by staff, as outlined above, will result in the
<br />following changes:
<br />Reserve for Economic Uncertainties
<br />General Fund Reserves
<br />The 10% Reserve for Economic Uncertainties is an ongoing reserve to meet unexpected
<br />emergencies such as natural disasters, and economic deficiencies such as the temporary loss
<br />of a major revenue source due to a fire or earthquake. This Reserve was established in 1990
<br />with the adoption of the City's Financial Policies, and is recommended in the City's
<br />Economic and Fiscal Element of the General Plan. The Reserve's projected balance at
<br />June 30, 2001 is $6.25 million.
<br />13
<br />Projected
<br />06/30/00
<br />Projected
<br />06/30/01
<br />Reserve for Economic Uncertainties
<br />$5,950,000
<br />$6,250,000
<br />Reserve for Carryovers
<br />600,000
<br />0
<br />Reserve for Inventory
<br />38,502
<br />38,502
<br />Capital Projects Reserve
<br />1,993,459
<br />1,993,459
<br />Total
<br />$8,581,961
<br />$8,281,961
<br />gas, electricity, garbage and telephone; $30,400 for postage; $21 100 for equipment rental;
<br />and $79,300 for materials, supplies, and uniforms. These increases are offset by decreases for
<br />repairs and maintenance ($30,700), and vehicle maintenance ($46,000).
<br />D. General Fund Reserves
<br />With the changes staff is recommending to the General Fund 2000 -01 Budget, ending
<br />General Fund reserves will total $8.3 million.
<br />The following additions /uses of reserves were approved when the 2000 -01 budget was
<br />originally adopted:
<br />$200,000 addition to the Reserve for Economic Uncertainties
<br />$600,000 balance in the Carryover Reserve used to fund Building and Public Works
<br />Inspection Services.
<br />Staff is now also recommending an additional $100,000 be added to the Reserve for
<br />Economic Uncertainties, in order to bring the total to its required level which is 10% of
<br />General Fund revenues.
<br />The additions /uses of reserves recommended by staff, as outlined above, will result in the
<br />following changes:
<br />Reserve for Economic Uncertainties
<br />General Fund Reserves
<br />The 10% Reserve for Economic Uncertainties is an ongoing reserve to meet unexpected
<br />emergencies such as natural disasters, and economic deficiencies such as the temporary loss
<br />of a major revenue source due to a fire or earthquake. This Reserve was established in 1990
<br />with the adoption of the City's Financial Policies, and is recommended in the City's
<br />Economic and Fiscal Element of the General Plan. The Reserve's projected balance at
<br />June 30, 2001 is $6.25 million.
<br />13
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