Page 475 - 2020-21 Budget Summary
P. 475
Revenue Forecast Report
Discussion
As the amount borrowed for cash flow needs is sometimes insufficient to meet
General Fund cash flow needs, the Controller is authorized to enter into short-
term borrowing from the Reserve Fund. However, this can cause concern when
the Reserve Fund balance is close to the five percent target set by the City’s
financial policies. In order to balance this concern against cash flow needs and
legal caps on the TRAN, the Controller’s Office will work closely with the City
Administrative Officer to determine the most appropriate amount to borrow
and to explore options other than the TRAN, including internal sources of
funds.
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