Page 401 - Fort Worth City Budget 2019

Special Revenue Fund

Reserve Policy

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.

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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