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Table 4. Transfers In and Transfers Out - Amended Budget vs. Actual
<br /> FY 2019/20
<br /> FY 2018/19
<br /> Operating Transfers Actual Revised Actual Variance
<br /> OPERATING TRANSFERS IN -From:
<br /> Urban Forestry Fund(1/2 of Landscape
<br /> Arch Assist) $20,000 $25,000 $25,000 $0
<br /> Retiree Medical Fund(Implied Subsidy) 888,000 1,006,000 1,006,000 -
<br /> Happy Valley Infrastructure Loan
<br /> Repayment - 12,004 129,068 (117,064)
<br /> OPERATING TRANSFERS OUT-To:
<br /> CIPR (9,939,195) (2,790,482) (2,590,482) (200,000)
<br /> Senior&Low Income Water&Sewer
<br /> Discounts -
<br /> Water Fund (243,312) (250,000) (266,729) 16,729
<br /> Sewer Fund (94,609) (108,000) (98,123) (9,877)
<br /> Transit Fund(Subsidy) (186,639) (209,731) (70,204) (139,527)
<br /> Storm Drain Fund(Subsidy) (330,000) (130,000) (330,000) 200,000
<br /> Cemetery Fund(Subsidy) (45,000) (50,000) (50,000) -
<br /> Repayment to Retiree Med Fund for Golf
<br /> Debt (735,000) (1,006,000) (1,006,000) -
<br /> PERS Rate Stabilization (721,177) - - -
<br /> LED CEC Loan Repayment (190,628) (190,628) (190,628)
<br /> NET OPERATING TRANSFERS ($11,577,560) ($3,691,837) ($3,442,098) ($249,739)
<br /> General Fund Reserves. Table 5 presents the proposed changes to the General Fund
<br /> Reserves. As shown, the overall operating reserves of almost $30.6 million are the
<br /> same as the Mid-year. The $30.6 million represents 27 percent of FY 2019/20 actual
<br /> General Fund operating expenses. The City's policy is to maintain General Fund
<br /> reserves equal to a minimum of 20 percent of operating expenses with target reserves
<br /> equal to 25 percent of operating expenses. As previously discussed, the $800,000
<br /> reserve for the Crisis Response Program will be allocated to specific accounts during
<br /> the FY 2020/21 Mid-year budget review.
<br /> Table 5. General Fund — Fund Balance
<br /> Initial Year-End Ending
<br /> General Fund Balances at Recommended Fund
<br /> Fund Balance 6/30/2020 Adjustments Balance
<br /> General Fund Reserve $30,589,421 $30,589,421
<br /> Reserve for Crisis Response Program - 800,000 800,000
<br /> Total General Fund Reserves $30,589,421 800,000 $31,389,421
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