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• 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 /> • 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 /> • Use of Reserve Funds <br /> .l. 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 /> 2 <br />