Page 384 - Fort Worth City Budget 2019

General and Debt Service

Funds Reserve Policy

and other post-employment benefits as directed and approved within the
long-term financial plan and the annual budget ordinance. Priority will be
given to those items that relieve budget or financial operating pressure in
future periods.

2. Appropriated to lower the amount of bonds or increase the pay-as-you- go
contributions needed to fund capital projects in the City’s Capital
Improvement Plan;

3. One-time expenditures that do not increase recurring operating costs that
cannot be funded through current revenues. Emphasis will be placed on one-
time uses that reduce future operating costs; or

4. Start-up expenditures for new programs, provided that such action is
approved by the City Council and is considered in the context of multi- year
projections of revenue and expenditures as prepared by the Department of
Finance.

Governmental and Proprietary Debt Service Funds

1. Use to re-pay any outstanding debt or obligations.

XI. Authority over Reserves

The City Council may authorize the use of Reserves. The Department of Financial
Management Services and the Performance and Budget Office will regularly report
both current and projected Reserve levels to the City Manager and City Council.

XII. Quality Control and Quality Assurance:

It is the responsibility of the Chief Financial Officer/Director of Finance to ensure the
presence of procedures that provide sufficient guidance to affected City personnel to
fulfill the intent of this policy.

These policies will be reviewed at least annually and updated on an as-needed basis.

XIII. Metrics:
To be developed and managed accordingly.

XIV. Records:
There are no records associated with this policy.

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