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2 <br /> <br />KPI: Fund Reserves <br />General Fund unassigned reserves equal or greater than 35% of the subsequent year’s expenses less <br />debt service, with a strong desire to be greater than 40% and less than 45% <br /> <br />RESULTS <br />INTERPRETATION <br /> <br />At the conclusion of the 2017 fiscal year, Unassigned General Fund Reserve balance was $6,732,602. <br /> <br />RESPONSE <br /> <br />The Finance Director has assembled a worksheet to examine expenditure trends and long term operating costs in <br />order to more closely project the City’s ability to maintain reserve balances. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />50% <br />43% <br />50% <br />51% <br />50% <br />49% <br />46% <br />45%45% <br />38% <br />40% <br />42% <br />44% <br />46% <br />48% <br />50% <br />52% <br />2009 2010 2011 2012 2013 2014 2015 2016 2017 <br />Unassigned General Fund Reserve % of Subsequent Year's <br />Expenses <br />Actual