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.
flexibility through the use of discretionary reserves and debt
Based on this level of distributions and the Company's fiscal 2005 operating performance, Cinram would have retained approximately US$120 million for annual capital expenditures and US$33 million in other discretionary reserves, representing approximately an 82% payout ratio.
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.
Financial performance has been consistently strong, and liquidity is provided through discretionary reserves and other funds.
The downgrade reflects the city's use of most of its remaining discretionary reserves amid continued sizeable budget pressures.
75 times (x) on a consolidated basis, and financial liquidity is provided through discretionary reserves and other funds.
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.
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.