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Policy 110.1: Introduction

Reserves (or fund balances) for governmental entities that are classified as spendable are generally considered appropriate in order to:

Maintain Working Capital

  1. Meet cash flow requirements.
  2. Provide contingencies for unpredictable revenue sources.
  3. Provide contingencies for emergencies (such as natural disasters) and unpredictable expenditures.

Fund Capital Asset Replacement and Debt Retirement