Page 389 - Fort Worth City Budget 2019

Enterprise Fund

Reserve Policy

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 expenses 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 expenses 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 expenses as
prepared by the Department of Finance.

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.

XV. Process Flow Map:
Not Applicable.

XVI. Forms:
Not Applicable.

XVII. Appendices:
Not Applicable.

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