| Percent of funds compliant with reserve policyFMS-Financial Mgmt Services |
Measure Definition & Importance |
The City desires to maintain a prudent level of financial resources to guard its stakeholders against service disruption in the event of unexpected temporary revenue shortfalls or unpredicted one-time expenditures/expenses. In addition, this policy is intended to document the appropriate Reserve level to protect the City’s credit worthiness and provide adequate cash flow based upon the traditional operating cycle. Reserves are accumulated and maintained to provide stability and flexibility to respond to unexpected adversity and/or opportunities and to minimize the costs associated with short-term cash borrowing.
Analysis | |
% of funds compliant with reserve policy |
Service Areas |
-
FMS.2.2 Compliance
FMS-Financial Mgmt Services
Attachments |
Measure Data | Last Calculated 5 months ago |
| Period | | Status | % of funds in compliance | # of funds in reserve compliance | # of funds | Overall Target | High Variance (FY Target) | Low Variance |
|---|---|---|---|---|---|---|---|---|
| FY2013 |  | Monitoring/No Info | ||||||
| FY2014 | | Monitoring/No Info | 100.00 | 100.00 | 95.00 | |||
| FY2015 | | Monitoring/No Info | 100.00 | 100.00 | 95.00 | |||
| FY2016 | | Monitoring/No Info | 100.00 | 100.00 | 95.00 | |||
| FY2017 |  | Insufficient Progress | 86.96% | 20.00 | 23.00 | 100.00 | 100.00 | 95.00 |
| FY2018 | | Insufficient Progress | 90.91% | 20.00 | 22.00 | 100.00 | 100.00 | 95.00 |
| FY2019 | | Insufficient Progress | 85.00% | 17.00 | 20.00 | 100.00 | 100.00 | 95.00 |
| FY2020 | | Monitoring/No Info | 100.00 | 100.00 | 95.00 | |||
| FY2021 | | Not Defined | 100.00 | 100.00 | 95.00 | |||
| FY2022 | | Not Defined |
Data Source Details & Calculation Information |
The City staff prepare a Reserve Requirement Supplement (RSS) as part of the City's effort to comply with this policy and provide useful information for the following fiscal year budget process. The RSS is prepared after the issuance of the City's Comprehensive Annual Financial Report in order to use final audited data, however the RSS itself is not audited.
Each Fund in the RSS will have a row for "Compliant/Not Compliant". The calculation should be # of Compliant divided by the total population of Fund's required/shown in the RSS.
Performance Liaison |
| CH | Crystal Hinojosa (FMS - Financial Management services) |
Input Method |
Is this measure a KPI? |
Measure Type |
Comparative Data |
Data Owner |
Measure ID |
Target Type |
Performance Liaison Notes |
Administrator Notes |