Page 121 - City of Arlington FY19 Adopted Operating Budget

Financial Summaries

FY 2019 RESERVES
The City of Arlington maintains reserves that are used for purposes not included elsewhere in the operating budget.

SELECTED FINANCIAL RESERVES
FY 2019 OPERATING POSITION

OTHER POST
WORKING BUSINESS LANDFILL EMPLOYMENT
UNALLOCATED CAPITAL CONTINUITY LEASE BENEFITS

Balance on October 1, 2017 $ 7,219,801 $ 20,055,003 $ 4,062,075 $ 17,151,326 $ 1,717,904

Appropriated Amounts - - - - -
Transfers In / (Out) 382,131 1,061,471 - - -
Balance on September 30, 2018 $ 7,601,932 $ 21,116,474 $ 4,062,075 $ 17,151,326 $ 1,717,904

Appropriated Amounts - - - - -
Transfers In / (Out) - - - - -

Balance on September 30, 2019 $ 7,601,932 $ 21,116,474 $ 4,062,075 $ 17,151,326 $ 1,717,904

Unallocated Reserve

This reserve is the City’s fund for emergencies and unanticipated expenses. The balance in this reserve is equal to at least
three percent of General Fund recurring expenditures and will be $7,601,932 at the beginning of FY 2019.

Working Capital Reserve

The purpose of the Working Capital Reserve is to set aside one month of net General Fund expenditures and will be $21,116,474
at the beginning of FY 2019.

Business Continuity Reserve
This reserve of one-time funds represents amounts available from the Workers Compensation Fund, Natural Gas Fund, and
Undesignated Unreserved General Fund balances.

Landfill Lease Reserve

This funding was provided as part of the lease agreement executed by the City in March of 2005.

Other Post‐Employment Benefits Reserve
This reserve was established in FY 2004 to address funding the liability for post-employment benefits, other than pensions,
which will be recognized upon implementation of the Governmental Accounting Standards Board Statement 45.

Total Reserve Level for FY 2019

In the aggregate, the reserves described above represent 20.4 percent of the General Fund’s recurring expenditures in FY 2019.

2019 Adopted Budget and Business Plan 106 City of Arlington, Texas