Laserfiche WebLink
Attachment B <br />Information Technology Fund Cash Reserve Level <br />30% <br />25% <br />20% <br />15% <br />10% <br />5% <br />0% <br />JanFebMarAprMayJunJulAugSepOctNovDec <br />20172016Target: LowTarget: High <br />License Center Fund Cash Reserve Level <br />60% <br />50% <br />40% <br />30% <br />20% <br />10% <br />0% <br />JanFebMarAprMayJunJulAugSepOctNovDec <br />20172016Target: LowTarget: High <br />As shown in the graphs, each fund has its own distinct cash flow needs. The General Fund for example <br />relies heavily on the bi-annual collection of property taxes to provide for day-to-day operations. Cash <br />flows are generally at their lowest in May/June and November just before it receives an influx of property <br />tax revenues – hence the need to have a dedicated amount of cash reserves at year-end. <br />These varying cash flowneeds are one of the primary factors behind the City’s Operating Fund Cash <br />Reserve Policy which establishes the following cash reserve target levels: <br />TargetTarget <br />Operating FundsLowHigh <br />General (unrestricted)35%45% <br />Parks & Recreation25%25% <br />Communications10%25% <br />Information Technology10%25% <br />License Center10%25% <br /> <br />