Page 372 - FY 2021-22 Proposed Budget

RESERVE FUND

This is a text box for the Schedule description.
Actual Estimated Proposed
2019-20 2020-21 2021-22
Cash at Beginning of Fiscal Year
$ 525,592,233 $ 378,330,808 Cash Balance, July 1............................................................................ $ 835,946,785
ADD:
30,842,870 14,196,464 Charter Section 261i Advances Returned on 7/1............................. 20,000,000
- -- Adjustment of Allocation.................................................................... --
7,639,914 12,343,213 Appropriation to Reserve Fund......................................................... 50,000,000
(125,581,845) (169,327,830) Reappropriation of Prior Year's Unexpended Capital (209,833,000)
Improvement Appropriations and Advances and
Technical Adjustments................................................................
(7,000,000) -- Transfers to Budget Stabilization Fund............................................. --
- -- Transfer to Budget*........................................................................... --

$ 431,493,172 $ 235,542,655 Balance Available, July 1 ..................................................................... $ 696,113,785
LESS:
180,668,000 183,902,000 Emergency Reserve** (2.75% of GF Budget).................................. 201,754,000
$ 250,825,172 $ 51,640,655 Contingency Reserve - Balance Available, July 1................................ $ 494,359,785

RECEIPTS
$ 68,731,253 $ 16,670,652 Loans..................................................................................................... $ 2,150,000
33,383,779 18,926,104 Charter Section 261i Advances Returned after 7/1............................. 30,000,000
229,913,000 218,355,000 Transfer of Power Revenue Surplus.................................................... 225,819,000
- - Transfer of Water Revenue Surplus..................................................... --
163,917,960 376,085,319 Unencumbered Balance....................................................................... --
- 112,129,741 Unallocated Revenue............................................................................ --
31,294,008 - Transfer of Special Parking Revenue Surplus..................................... 8,476,580
- - Reversion of Special Parking Revenue Surplus.................................. --
139,331,123 Transfer of Federal Funds.................................................................... --
16,450,832 12,000,000 Reversion of Unencumbered and Special Funds................................ --
6,261,175 1,959,060 Miscellaneous....................................................................................... 3,500,000

$ 549,952,007 $ 895,456,999 Total Receipts..................................................................................... $ 269,945,580
$ 800,777,179 $ 947,097,654 Total Available Cash and Receipts..................................................... $ 764,305,365

DISBURSEMENTS
$ 60,945,894 $ 24,836,547 Loans..................................................................................................... $ --
- - Transfer of Charter 261i receipts to General Fund After 7/1............... --
229,913,000 218,355,000 Budget--Power Revenue Surplus......................................................... 225,819,000
- - Budget--Water Revenue Surplus......................................................... --
31,294,008 - Budget--Special Parking Revenue Surplus.......................................... 8,476,580
- - Transfer of Special Parking Revenue Surplus to General Fund.......... --
249,593,170 1,861,322 Transfers--Contingencies..................................................................... --
- - Transfers--Budget.................................................................................
- - Transfers--Budget Stabilization Fund................................................... --
31,368,299 50,000,000 Charter Section 261i Advances to Departments on 6/30..................... 50,000,000
- - Advances for Unfunded Expenditure - Year-end Closing.................... --
$ 603,114,371 $ 295,052,869 Total Disbursements........................................................................... $ 284,295,580

Cash at Close of Fiscal Year
$ 180,668,000 $ 183,902,000 Add, Emergency Reserve**.................................................................. $ 201,754,000
$ 378,330,808 $ 835,946,785 Cash Balance, June 30....................................................................... $ 681,763,785
* 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 rem aining available balance within the Reserve
Fund is allocated to the Contingency Reserve account.

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