Discretionary reserves

Discretionary reserves

Balance sheet accounts representing temporary accumulations of earnings from the current year or the recent past.
References in periodicals archive ?
The city routinely transfers some of its operating surpluses to the capital projects fund to pay for ongoing maintenance and to maintain additional discretionary reserves.
In addition, management stated the district may draw on its discretionary reserves maintained outside of the general fund if spending cuts are insufficient to fully offset the funding decrease.
The downgrade reflects the city's use of most of its remaining discretionary reserves amid continued sizeable budget pressures.
In addition, the bank maintains approximately $18 million in special discretionary reserves and $8.
The city has access to both general fund reserves and further discretionary reserves in the capital improvement fund for operations.
To support its general fund operations, the district now relies on transfers from a retiree benefits fund, created from discretionary reserves in 1992 in order to offset retiree healthcare costs.
Recent modifications to internal financial policies are viewed favorably by Fitch as they not only improve the transparency of the city's discretionary reserves but also incorporate a reserve floor and a replenishment mechanism in the event general fund balances are drawn below policy minimum.
The city has access to both general fund reserves and further discretionary reserves in the capital improvement fund; in total reserves are in excess of 100% of annual expenditures.
Although the city is operating at its property tax millage rate limits, the city carries relatively large discretionary reserves and supplements its general operating levy (2.
Nevertheless, unreserved, undesignated general fund balance representing the district's discretionary reserves, decreased to $13.
Fitch expects that these discretionary reserves will be replenished in subsequent years.
Audited results for fiscal 1999 are not final, but any use of discretionary reserves will be replenished in subsequent years.