Page 260 - Microsoft Word - FY 2020 Adopted Budget Document

Other Budget Information

Selected Reserves

The City of Arlingtonmaintains a number of reserves in funds outside of the General Fund, intended to
mitigate any unanticipated expenditure or revenue experiences. These reserves are generally for
specific purposes. Reserves are for the current fiscal year. Since current revenues are intended to
cover current expenditures, reserves should remain neutral.

Self Insurance Funds
Group Health: Provides City employees and retirees with health insurance.
Worker's Compensation: Accounts for the activity of worker's compensation insurance.
Self Insurance Fund: Provides the City a defined and funded self‐insurance program for general and
automotive liability.

Operating Fund Reserves
Water Reserves: ArlingtonWater Utilities keeps a number of reserves to ensure 60 days of operating
expenses, fleet replacement, stable rates, and lab equipment.
Debt Service Reserve: The City is required by City Council Policy to maintain 4% of tax‐supported Debt
Service expenditures in reserve. Any balance above 10% is subject to arbitrage; therefore, the City
maintains a reserve between those percentages.
Convention Center Maintenance Reserve: This reserve is maintained for any large, unexpected
facility repairs that may be required at the Convention Center.

Fund Reserve
Group Health $ 3,158,055
Worker's Compensation $ ‐
Self Insurance Fund $ 2,940,476

Water Operating Reserve $ 18,191,454
Water Fleet Reserve $ ‐
Water Rate Stabilization $ 3,089,636

Water Lab Equipment $ 337,000

Debt Service Reserve $ 2,255,298
Convention Center Maintenance Reserve $ 200,000

2020 Adopted Budget and Business Plan 247 City of Arlington, Texas