Page 375 - 2020-21 Budget Summary
P. 375
RESERVE FUND
Actual Estimated Proposed
2018-19 2019-20 2020-21
Cash at Beginning of Fiscal Year
$ 436,079,701 $ 525,591,231 Cash Balance, July 1............................................................................ $ 345,877,073
ADD:
14,954,397 30,842,870 Charter Section 261i Advances Returned on 7/1............................. 20,000,000
- -- Adjustment of Allocation.................................................................... --
- 7,639,914 Appropriation to Reserve Fund......................................................... 12,343,213
(79,257,375) (149,810,201) Reappropriation of Prior Year's Unexpended Capital (134,915,000)
Improvement Appropriations and Advances and
Technical Adjustments................................................................
(9,000,000) (7,000,000) Transfers to Budget Stabilization Fund............................................. --
(5,791,190) -- Transfer to Budget*........................................................................... --
$ 356,985,533 $ 407,263,814 Balance Available, July 1 ..................................................................... $ 243,305,286
LESS:
170,241,000 180,668,000 Emergency Reserve** (2.75% of GF Budget).................................. 183,902,000
$ 186,744,533 $ 226,595,814 Contingency Reserve - Balance Available, July 1................................ $ 59,403,286
RECEIPTS
$ 60,194,049 $ 60,591,304 Loans..................................................................................................... $ 8,252,000
40,736,058 28,766,368 Charter Section 261i Advances Returned after 7/1............................. 58,000,000
232,557,000 229,913,000 Transfer of Power Revenue Surplus.................................................... 224,100,000
- - Transfer of Water Revenue Surplus..................................................... --
209,299,664 148,415,000 Unencumbered Balance....................................................................... --
- - Unallocated Revenue............................................................................ --
32,115,566 31,294,008 Transfer of Special Parking Revenue Surplus..................................... 27,720,568
- - Reversion of Special Parking Revenue Surplus..................................
5,270,303 18,048,100 Reversion of Unencumbered and Special Funds................................ --
3,614,647 6,100,367 Miscellaneous....................................................................................... 3,500,000
$ 583,787,287 $ 523,128,147 Total Receipts..................................................................................... $ 321,572,568
$ 770,531,820 $ 749,723,961 Total Available Cash and Receipts..................................................... $ 380,975,854
DISBURSEMENTS
$ 72,364,316 $ 56,758,068 Loans..................................................................................................... $ --
- - Transfer of Charter 261i receipts to General Fund After 7/1............... --
232,557,000 229,913,000 Budget--Power Revenue Surplus......................................................... 224,100,000
- - Budget--Water Revenue Surplus......................................................... --
32,115,566 31,294,008 Budget--Special Parking Revenue Surplus.......................................... 27,720,568
- - Transfer of Special Parking Revenue Surplus to General Fund.......... --
16,057,386 216,549,812 Transfers--Contingencies..................................................................... --
- - Transfers--Budget.................................................................................
- - Transfers--Budget Stabilization Fund................................................... --
61,734,021 50,000,000 Charter Section 261i Advances to Departments on 6/30..................... 50,000,000
353,300 - Advances for Unfunded Expenditure - Year-end Closing.................... --
$ 415,181,589 $ 584,514,888 Total Disbursements........................................................................... $ 301,820,568
Cash at Close of Fiscal Year
$ 170,241,000 $ 180,668,000 Add, Emergency Reserve**.................................................................. $ 183,902,000
$ 525,591,231 $ 345,877,073 Cash Balance, June 30....................................................................... $ 263,057,286
* Transfers are made during the fiscal year by the Controller subject to the cash condition.
** Pursuant to the City Charter, a minimum of 2.75% of the General Fund Budget must be kept in reserves for emergencies as an Emergency Reserve account, which may
only be used after a finding of "urgent economic necessity" made by the Mayor with confirmation of the City Council. The remaining available balance within the Reserve
Fund is allocated to the Contingency Reserve account.
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