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City's Financial Policies and represents 10% of the General Fund's revenue. The reserve's <br /> projected balance at June 30, 1997 is $4.19 million. <br /> <br /> Reserve for CarrVovers <br /> <br />After all midyear adjustments are made, this reserve will have a balance of $835,000, designated <br />for use in future budget years as follows: <br /> <br /> Community groups $200,000 <br /> Youth 35,000 <br /> Building Inspection &Plan Check 265,000 <br /> Public Works Inspections 335,000 <br /> <br /> TOTAL $835,000 <br /> <br />Temporary_ Recession Reserve <br /> <br />During the 1991-92 Midyear Budget review, staff recommended the establishment of a temporary <br />reserve to help transition the City's operations as we reduced our expenditure levels to adjust to <br />the reduced funding level that resulted from statewide fiscal problems. Over the last five years, <br />Pleasanton has lost $11 million as a result of the State's budget actions, necessitated by the <br />recession. <br /> <br />The remaining funds in the Reserve will be closed out in the 1996-97 year, as already approved by <br />the City Council. They will be used or set aside for future grants to community based groups, <br />completion of existing CIP facilities projects, future land purchases, and data processing <br />equipment replacement and upgrades. <br /> <br />Capital Projects Reserve <br /> <br />In accordance with the City's Financial Policies, excess funds from the General Fund are set aside <br />in the Capital Project Reserve, and used for capital projects. This has been the funding source for <br />numerous projects over the years. <br /> <br />The projected year-end balance in the Capital Projects Reserve is $664,000. The use of these <br />funds will be studied when the CIP is prepared this spring. The reserve began the year with a <br />balance of $2.54 million. However, during 1996-97, $1.6 million was advaneed to the Golf Fund <br />as initial contributed capital. Up to $600,000 (in addition to the $100,000 advanced in the <br />previous year) will be used to provide funding for expenses before bonds are sold. The remaining <br />$1 million has been set aside in the contributed capital account to be utilized if needed in the <br />startup years of the golf course, to ensure that the General Fund is not riseally impacted by any <br />revenue shortfalls from the golf course. In addition, $250,000 has been set aside to assist the East <br />Bay Regional Park District acquire ridgeland property. <br /> <br />SR97: 110 9 <br /> <br /> <br />