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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 in FY 2019/20 <br /> Estimated Balance FY 2019/20 Estimated Balance <br /> General Fund Reserves 6/30/2019 Adjustments 6/30/2020 <br /> Reserve for Economic Uncertainties $26,063,367 $759,527 $26,822,894 <br /> =;?'k" ¢e:'i`{ t's' *x ' 'c. ..mss 3` `" '�"�` 5= p <br /> Changes in Reserves in FY 2020/21 <br /> General Fund Reserves Estimated Balance FY 2020/21 Estimated Balance <br /> 6/30/2020 Adjustments 6/30/2021 <br /> Reserve for Economic Uncertainties $26,822,894 $100,265 $26,923,159 <br /> TOTAL, xz " $26,822,894 <br /> $109,266 $26,923,15 . .: <br /> 2 Excludes$1.2 million in fund balance,which is reserved for LPFD's Workers Compensation. <br /> 36 <br />