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ADMINISTRATION & FINANCE POLICIES <br />Supplement 208 - Cash Reserve Requirements <br />The City of South Bend has established the following cash reserve guidelines to ensure adequate liquidity. <br />Cash reserves are defined as cash balances on hand less outstanding encumbrances. “Annual expenditures” <br />in each fund do not include capital expenditures. <br />Fund Fund Name Cash Reserve Policy <br />101 General Fund 50% of annual expenditures <br />102 Rainy Day 3% of prior year operational expenditures in Civil City <br />funds, excluding interfund transfers <br />201 Parks & Recreation 25% of annual expenditures <br />202 Motor Vehicle Highway 25% of annual expenditures <br />209 Studebaker/Oliver Reverting Grants No reserve requirement - Grant fund - spend down to zero <br />210 Department of Community Investment <br />State Grants No reserve requirement - Grant fund - spend down to zero <br />211 Department of Community Investment <br />Operating No reserve requirement <br />212 Department of Community <br />Investment Grants No reserve requirement - Grant fund - spend down to zero <br />216 Police State Seizures 25% of annual expenditures <br />217 Gift, Donation, Bequest No reserve requirement <br />219 Unsafe Building No reserve requirement <br />220 Law Enforcement Continuing <br />Education 25% of annual expenditures <br />221 Rental Units Regulation No reserve requirement <br />222 Central Services No reserve requirement <br />226 Liability Insurance 50% of annual expenditures <br />227 Loss Recovery No reserve requirement <br />230 Code Enforcement No reserve requirement <br />249 Local Income Tax - Public Safety No reserve requirement <br />28