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<br /> <br /> <br /> <br />Fund Fund Name Cash Reserve Policy <br />471 2017 Parks Bond Capital No reserve requirement - Bond capital fund - spend down <br />to zero <br />600 Consolidated Building Department 25% of annual expenditures <br />601 Parking Garages 25% of annual expenditures <br />602 Morris Performing Arts Center <br />Operations 10% of annual expenditures <br />610 Solid Waste Operations 10% of annual expenditures <br />611 Solid Waste Capital No reserve requirement - Capital fund - spend down to zero <br />620 Water Works Operations 5% of annual expenditures <br />622 Water Works Capital No reserve requirement - Capital fund - spend down to zero <br />624 Water Works Customer Deposit 100% cash reserves for customer deposits <br />625 Water Works Sinking (Debt Service) No reserve requirement <br />626 Water Works Bond Reserve 100% cash reserves per bond covenants <br />629 Water Works Operations & <br />Maintenance Reserve <br />16.67% of annual operating expenses in fund 620, net of <br />transfers <br />640 Sewer Repair Insurance 25% of annual expenditures <br />641 Sewage Works Operations 5% of annual expenditures <br />642 Sewage Works Capital No reserve requirement - Capital fund - spend down to zero <br />643 Sewage Works Operations & <br />Maintenance Reserve <br />16.67% of annual operating expenses in fund 641, net of <br />transfers <br />649 Sewage Works Sinking (Debt Service) No reserve requirement <br />653 Sewage Works Debt Service Reserve 100% cash reserves per bond covenants <br />654 Sewage Works Customer Deposit 100% cash reserves for customer deposits <br />655 Project ReLeaf (Leaf Pickup and <br />Removal) 25% of annual expenditures <br />667 Storm Sewer No reserve requirement - Capital fund - spend down to zero <br />31