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Discretionary reserves

    0.01 sec.
Discretionary reserves
Balance sheet accounts representing temporary accumulations of earnings from the current year or the recent past.


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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.
Free Cash Free cash represents cash held at the Company and its non-Bank and non-Brokerage subsidiaries, less discretionary reserves, plus excess capital at Bank and Brokerage after application of regulatory capital requirements and the Company's own regulatory capital guidelines.
 
 
 
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