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).
Balance of all Funds for the City of Los Angeles. Includes General Fund, Reserve Fund, Budget Stabilization Fund, and Special Funds.
Includes descriptions, but does not include financial data for Fire and Police Pensions, City Employees' Retirement Systems, and the Departments of Water and Power, Harbor and Airports since these departments utilize their own financial systems and prepare independent financial statements, which are available on their websites.