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THE CU ,' OF <br /> r <br /> 711 <br /> L-E ASANTO o ADOPTED BY CITY COUNCIL 11/15/16 <br /> Reserve Policy <br /> Subject <br /> Establishment of General Fund,Enterprise Fund,and Internal Services Fund reserves in the <br /> event of economic uncertainty or emergency. <br /> Purpose <br /> The purpose of this policy is to: <br /> 1. Ensure that the City can make necessary repairs and replacements in the event of a <br /> one-time large-scale capital breakdown. <br /> 2. Ensure that the City can withstand reduced revenues that result from economic <br /> conditions or natural disaster without eliminating services or raising taxes. <br /> Policy <br /> It is the policy of the City of Pleasanton to maintain a consistent level of City services. <br /> Scope <br /> This policy applies to the General Fund as well as the specified Enterprise Funds and Internal <br /> Service Funds. <br /> Procedures <br /> The City Manager may appropriate General Fund reserves with City Council approval. <br /> Distribution approved: <br /> Nelson Fialho,City Manager <br />