Page 380 - FortWorthFY22AdoptedBudget

5. The reserve requirement does not apply to special revenue funds that were
created under Federal and State Law and/or Texas Local Government Code
for managing the revenue used to pay for costs associated with construction
and debt-financing activities.

General Debt Service Funds

1. Use to repay any outstanding debt or obligations.

IX. Authority over Reserves:

The City Council may authorize the use of Reserves. The Financial Management
Services and Planning & Data Analytics departments will regularly report both current
and projected Reserve levels to the City Manager and City Council.

X. 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.

XI. Basis:
Budgetary basis is used for calculating the reserve level for Governmental Funds Reserve.

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