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Specially Designated Reserves - These are fund balances which have been designated for <br /> specific purposes either by Council action, bond covenants or the voters. They total <br /> $17.4 million, including $.5 million in General Fund Carryover reserves, $3.1 million <br /> as a Reserve for Economic Uncertainties, $2.1 million as a temporary Recession <br /> Reserve, $9.8 million in reserves for specified carryover capital projects in the capital <br /> improvement program budget, and $1.7 million in restricted investments used to secure <br /> the loan from CHFA (California Housing Finance Agency) for Ridge View Commons. <br /> <br />All Other Designated Reserves - All other fund balances fall into this category. These balances <br /> are all designated as contingency reserves for future obligations. Within certain legal and <br /> fund restrictions, Council has discretion over these funds through the budget process. <br /> They total $15.4 million; of which $6.3 million is restricted to Sewer and Watex <br /> purposes, $1.7 million is for insurance and liability reserves, $1.1 million is for facility, <br /> equipment and vehicle replacement, $.9 million must be used for street purposes (their <br /> use has already been planned in the CIP), and $2.9 million is restricted for affordable <br /> housing. <br /> <br />Appendix B goes into further detail describing the allowable and/or planned uses of all the City's <br />reserves as of June 30, 1992. The table is prepared in the same format as the table in <br />Appendix A, breaking all Fund balances into the three categories described above. <br /> <br />Appendices C, D, and E contain tables comparing budgeted versus actual results of 1991-92 <br />operations for all operating Funds, and the effects of 1991-92 carryovers on the 1992-93 budget. <br /> <br />Appendix F details the Operating Budget carryovers from 1991-92 into 1992-93 for <br />encumbrances and planned expenditures. <br /> <br />Appendix G contains tables showing the 1991-92 budgeted versus actual results for the Capital <br />Improvement Program Funds, and the recommended CIP carryovers from 1991-92 to 1992-93. <br /> <br />Appendix H compares projected versus actual 1991-92 major capital improvement revenue. <br /> <br />Appendix I details the recommended 1991-92 Budget Amendments and Ledger Entries. <br /> <br />Appendix J contains several financial trend charts. <br /> <br />General Fund <br /> <br />The General Fund current year revenues were $33.5 million, which is $650.000 more than <br />projected, a 2% variance. Major General Fund revenues are displayed in the table on the <br />following page. <br /> <br />SR 92:432 <br /> <br />3 <br /> <br /> <br />