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General Fund Reserves2 <br /> The changes to General Fund Reserves are shown in the following tables for the proposed FY <br /> 2019/20 Budget and the proposed FY 2020/21 Budget: <br /> The FY 2019/20 budget includes a reserve of$26.8 million,which equals 22.2 percent of operating <br /> expenses in FY 2019/20 or slightly more than the minimum of 20 percent required by the City's <br /> reserve policy.The FY 2020/21 budget includes a reserve of$26.9 million which equals 21.6 percent <br /> of operating expenses in FY 2020/21. <br /> Changes in Reserves inFY20l9/20 <br /> General Fund Reserves Estimated Balance FY 2019/20 Estimated Balance <br /> 6/30/2019 Adjustments 6/30/2020 <br /> Reserve for Economic Uncertainties $26,063,367 e759,52me6,8e2,894 <br /> Changes in Reserves in FY 2020/21 <br /> General Fund Reserves Estimated Balance FY 2020/21 Estimated Balance <br /> 6/30/2020 Adjustments 6/30/202/ <br /> Reserve for Economic Uncertainties $26,822,8e4 $100,265 $26,923,159 <br /> ==� = <br /> TOTAL $26,822,894 <br /> $100,265 t2. 11 <br /> ' Excludes$1.2 million in fund balance,which is reserved for LPFD's Workers Compensation. <br /> 36 <br />