General Fund Operating Reserve

The Operating Reserve Fund is money that has been set aside in case of a catastrophic or emergency event. The required amount is calculated in each year’s budget process and transfers are established based on only the regular operating expense, meaning that all major non-recurring purchases are not included in the calculation. The goal is to have approximately three months operating costs in reserve so the city would be able to maintain uninterrupted service for at least that amount of time.

For the past few years, audited figures show that the balance in the General Fund Operating Reserve, when combined with reserves in other areas, far exceed the 25% preference. Transfers to the operating reserve are no longer necessary and allow additional funding of capital projects and purchases.

The Police Special Services Fund collects revenues from the seized and forfeited funds awarded to the City by the court, and by the sale of seized vehicles awarded to the City. These funds can be spent on equipment and training for the Police Department. The fund also receives an annual payment from LEOSE, Law Enforcement Officer Standards and Education, which can only be used for education and training for the Police Department.

POLICE SPECIAL SERVICES FUND