Page 376 - FY 2022-23 Proposed Budget

RESERVE FUND

Actual Estimated Proposed
2020-21 2021-22 2022-23
Cash at Beginning of Fiscal Year

$ 378,329,308 $ 933,013,075 Cash Balance, July 1............................................................................ $ 866,134,801
ADD:
14,196,464 14,269,727 Charter Section 261i Advances Returned on 7/1............................. 20,000,000
- -- Adjustment of Allocation.................................................................... --
12,343,213 -- Appropriation to Reserve Fund......................................................... --
(101,165,870) (215,152,498) Reappropriation of Prior Year's Unexpended Capital (314,600,000)

Improvement Appropriations and Advances and
Technical Adjustments................................................................
- (85,090,146) Transfer to Budget*........................................................................... (105,591,516)

$ 303,703,115 $ 647,040,158 Balance Available, July 1 ..................................................................... $ 465,943,285
LESS:
183,902,000 206,339,000 Emergency Reserve** (2.75% of GF Budget).................................. 205,176,000
$ 119,801,115 $ 440,701,158 Contingency Reserve - Balance Available, July 1................................ $ 260,767,285

RECEIPTS
$ 164,673,320 $ 2,993,000 Loans..................................................................................................... $ 85,881,000
23,717,169 28,789,835 Charter Section 261i Advances Returned after 7/1............................. 30,000,000
218,355,000 225,015,000 Transfer of Power Revenue Surplus.................................................... 229,721,000
279,308,993 375,099,821 Unencumbered Balance....................................................................... --
295,681,939 123,872,714 Unallocated Revenue............................................................................ --
- 8,476,580 Transfer of Special Parking Revenue Surplus..................................... 30,426,435
205,823,829 10,000,000 Reversion of Unencumbered and Special Funds................................ --
4,842,953 21,075,216 Miscellaneous....................................................................................... 3,500,000

$ 1,192,403,203 $ 795,322,166 Total Receipts..................................................................................... $ 379,528,435
$ 1,312,204,318 $ 1,236,023,324 Total Available Cash and Receipts..................................................... $ 640,295,720

DISBURSEMENTS
$ 175,824,769 $ 123,989,305 Loans..................................................................................................... $ --
218,355,000 225,015,000 Budget--Power Revenue Surplus......................................................... 229,721,000
- 8,476,580 Budget--Special Parking Revenue Surplus.......................................... 30,426,435
119,262,120 168,746,638 Transfers--Contingencies..................................................................... --
49,546,121 50,000,000 Charter Section 261i Advances to Departments on 6/30..................... 50,000,000
105,233 - Advances for Unfunded Expenditure - Year-end Closing.................... --
$ 563,093,243 $ 576,227,523 Total Disbursements........................................................................... $ 310,147,435

Cash at Close of Fiscal Year
$ 183,902,000 $ 206,339,000 Add, Emergency Reserve**.................................................................. $ 205,176,000

$ 933,013,075 $ 866,134,801 Cash Balance, June 30....................................................................... $ 535,324,285
* 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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