Page 135 - FY 2021-22 Adopted Budget file_Neat

RESERVE FUND

Mayor's Council Mayor's
Proposal Changes Changes Final
Budget Budget Budget Budget
Appropriation Appropriation Appropriation Appropriation
2021-22 2021-22 2021-22 2021-22

Cash Balance, July 1................................................................ 835,946,785 784,789,221
ADD:
Charter Section 261i Advances Returned on 7/1.................. 20,000,000 20,000,000
Adjustment of Allocation....................................................... -
Appropriation to Reserve Fund............................................. 50,000,000 -
Reappropriation of Prior Year's Unexpended Capital
Improvement Appropriations and Advances and
Technical Adjustments.................................................... (209,833,000) (209,833,000)
Transfers to Budget Stabilization Fund................................. - -

Transfer to Budget *.............................................................. - (85,090,146)
Balance Available, July 1 ......................................................... 696,113,785 509,866,075
LESS:
Emergency Reserve ** (2.75% of GF Budget)..................... 201,754,000 206,339,000
Contingency Reserve - Balance Available, July 1..................... $ 494,359,785 $ 303,527,075

RECEIPTS
Loans....................................................................................... $ 2,150,000 $ 2,150,000
Charter Section 261i Advances Returned after 7/1................... 30,000,000 30,000,000
Transfer of Power Revenue Surplus***..................................... 225,819,000 225,819,000
Transfer of Water Revenue Surplus ***.................................... - -
Unencumbered Balance........................................................... - -
Unallocated Revenue............................................................... - -
Transfer of Special Parking Revenue Surplus.......................... 8,476,580 8,476,580
Reversion of Special Parking Revenue Surplus........................ - -
Reversion of Unencumbered and Special Funds...................... - -
Miscellaneous.......................................................................... 3,500,000 3,500,000
Total Receipts........................................................................ $ 269,945,580 $ 269,945,580
Total Available Cash and Receipts......................................... $ 764,305,365 $ 573,472,655

DISBURSEMENTS
Loans....................................................................................... $ - $ -
Transfer of Charter 261i receipts to General Fund After 7/1 - -
Budget--Power Revenue Surplus............................................. 225,819,000 225,819,000
Budget--Water Revenue Surplus.............................................. - -
Budget--Special Parking Revenue Surplus............................... 8,476,580 8,476,580
Transfer of Special Parking Revenue Surplus to General Fund - -
Transfers--Contingencies......................................................... - -
Transfers--Budget.................................................................... - -
Transfers--Budget Stabilization Fund....................................... - -
Charter Section 261i Advances to Departments on 6/30.......... 50,000,000 50,000,000
Advances for Unfunded Expenditure - Year-end Closing.......... - -
Total Disbursements.............................................................. $ 284,295,580 $ 284,295,580

Add, Emergency Reserve **..................................................... $ 201,754,000 $ 206,339,000
Cash Balance, June 30.......................................................... $ 681,763,785 $ 495,516,075

* 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.
Note: The Proposed Budget Reserve Fund July 1 Available Balance is equivalent to 9.49% 6.80% of the General Budget of $7,336,497,871 $7,503,222,792.

R-119