Laserfiche WebLink
362 economic downturns take place, this reserve will provide for a transition period during <br />363 which the Council will be able to assess and to better match operations with the <br />364 economic need <br />365 <br />366 Ll City enterprise funds shall have operating cash reserves sufficient to provide for <br />367 monthly cash flow, and for a reasonable level of equipment and infrastructure <br />368 replacement. Major reconstruction or system upgrades, may need to be funded from <br />369 enterprise revenue bonds. Annual utility rate reviews will be made in regard to <br />370 projected operating expenses and capital improvements. The Council will, on an annual <br />371 basis,, establish rates in accordance to operating cost recovery and the projected capital <br />372 improvements <br />373 <br />374 Ll All other operational funds e.g. License Center, Information Technology, etc are <br />375 expected to operate with positive reserve balances of 10-25% of the annual operating <br />376 budget. Each operational fund shall be reviewed on an annual basis to assure the fund <br />377 balance is in line with the fund's objectives <br />378 <br />379 Ja. -A "alia 0&-th"a Citu'lQ tfeasi1=4 :"Arzt4�WiA isa hPIQ :"r-Auid"ad -a <br />N-If-L-LN.., LIX-L-L-M., t� LII-L%woo N�XI-y U L4-L-Y X.JL-L X-11-11N-P JL-LL&U 1tJL%JVX%*%wO%* A%JL <br />380 DladlwtiiAn 44nd I-QQ Lialan 11adipatlad tiA nr-iA;;4din" an C- <br />"Y1k1F/"-Y <br />rzadllr-tiAsa tA DAA�C,4414, twg:"Pu'C'" Thc, isltcislt Af thii� :6134d ii� tA <br />381 LIXJ -JL%-%JU%oOVX�L�L%10 Y�LXJY%10�LLIJ L1L&ZV1tJL&J%oO�LU. JL.JL-L%wO X-JL-LL1%oO.JL-LL1 %J-JL LI.JL-LXU JL%AIJLL%& XU LIXJ VL"-L-LU-&%oO-L VL-L%oo <br />tiA 4,1a C--flanlar-al F214nd tiA nar-tiRIL4 r-ladlip-la 4- QQQ=4 +43;;; La3w�4- <br />382 aliftual intleoOrMest e U , V—P LIX-L%oo %-.A %oo-L-L%oo-L "-L A- L4XL%* LIXJ IF/"-L ,X"-L-L-y -L %oo %* %A %11 %oo LIXW ffeeeuuLltLj LILItiv L%oo V <br />383 Thii� F2113441 hqi� hC"CSa r-- A . ;Ezad hu thc, C-Allslr-il qi� P 4:Aer-fHaHC34t :6134d 1, <br />X-L-LU -& %AX-L%* X�L"U L.If %.00 %.OX�L A�%J-L X-L-L"-L-L-y %11 L& L, %.00 Z: %J �& X AE—J %.00 %* %J -Y VL-L%oo %� XJ X -L L't U L't IF X-L%wox-LL, JLL4x-L%* , <br />34 OH afe QlalJ lanpl- ;;4laar- ax: <br />L L-L-L%oo X-LXt,%.oO-L %woo U IF/-L%J%e1%woO%woO%*U U%00%* %oO"%11-L-L -Y%.oO"-L VLL%oo UL1"L1%oO%* X-L%oo xi-L-L&L-L-L"L <br />385 nP1 afnettiat r-emains mta-c4 <br />X IF, <br />386 <br />387 IMplementation <br />388 All fund reserves shall be reviewed each year at the time of the annual budget preparation for the <br />389 purpose of complying with this policy. Budgets shall be prepared on an "All Resources" basis, <br />390 so that the City Council and Community can readily discern the current and projected <br />391 management of all reserves. <br />392 <br />393 <br />394 <br />9 <br />