Shows the balance of the City's Reserve Fund, including transfers in and transfers out, beginning in Fiscal Year 1998-1999. The Reserve Fund is an important part of the City's financial health, and is relied on in the event of a natural disaster or other crisis situation.
The City's current policy is to maintain a minimum Reserve Fund balance of 5% of General Fund receipts.
Net Position is the difference between the City’s assets and liabilities, including deferred outflows/inflows of resources. This data summarizes Net Position by Activity Types, Asset Type Groups, and Asset Types. This data is based on the following parameters: Accrual Basis of Accounting, Last Ten Fiscal Years and (amounts expressed in thousands).