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IT- <br /> ® Reserve Levels and Establishment <br /> 1 General Fund Reserve The City shall maintain an unappropriated General Fund <br /> operating reserve of between twenty percent (20%)to thirty percent(30%) of annual <br /> General Fund operating expenditures The target level for the reserve is twenty-five <br /> percent (25%) <br /> 2 Enterprise Fund Reserves The following enterprise funds require a reserve of between <br /> thirty percent(30%) and forty percent(40%) of the previous year's operating <br /> expenditures for each fund Water and Sewer The target level for these reserves is <br /> thirty-five percent (35%) <br /> 3 Internal Services Fund Reserves The following Internal Services Funds require a <br /> reserve of between thirty percent (30%) and forty percent(40%) of the previous year's <br /> expenditures with a target of thirty-five percent(35%) for each fund <br /> m Streetlight Replacement <br /> ® Traffic Signal Replacement <br /> ® Facilities Renovation, and Park& Median Renovation <br /> 4 Internal Services Fund Reserves The following Internal Services Funds require a <br /> reserve of between thirty percent(10%) and forty percent(20%) of the previous year's <br /> operating expenditures with a target of thirty-five percent (15%) for each fund. <br /> ® Equipment Replacement <br /> ® Livermore Pleasanton Fire Department Apparatus Replacement <br /> ® Police Vehicle Replacement <br /> 5 An appropriated fund(e g a Capital Improvement Program reserve made for the <br /> purpose of repairing, replacing, and procuring City assets) may be created and <br /> developed as necessary by the City Manager or his/her designee. <br /> O Use of Reserve Funds <br /> 1 Economic Uncertainty For use to mitigate annual revenue shortfalls (actual revenues <br /> less than projected revenues) due to a temporary slowdown in general economic <br /> conditions as well as a short-term reduction in revenues caused by actions of the State or <br /> Federal government <br />