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Discretionary reserves

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

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31 deadline to certify the amount of the port's discretionary reserves and, therefore, force the city into negotiations, similar to actions taken by port commissioners in San Diego.
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.
faces a $44 million cut in its discretionary reserves and the Port of Long Beach faces a $5 million cut.
 
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