The county's policy requires maintenance of a general fund operating reserve
equal to at least 75-100 days worth of budgeted general fund expenditures.
WSSC's multiyear fiscal plan envisions ongoing, aggressive efficiency efforts but Fitch expects financial flexibility to be maintained because of the water and wastewater utility's unused GO taxing power, affordable rates relative to local income levels, gradual reductions in debt levels, and prudence in increasing its operating reserve
to offset revenue variations.
If an operating reserve
of less than one-and-a-half percent is unavoidable, a Stage Three will be initiated.
At closing, an operating reserve
account will be established and funded at $2.
We expect to skate by at the peak with just under 5 percent operating reserves
,'' said Kellan Fluckiger, the ISO's chief operating officer.
STAGE 1 EMERGENCY Operating reserves
forecast to fall to between 7% - 6%
Additionally, Kalamazoo typically allocates a large portion of its operating reserves
to capital projects, providing a significant degree of financial flexibility.
The district has generated a significant buildup in operating reserves
in a financially challenging environment; this trend reflects the sound, conservative fiscal management that is a credit strength for the district.
These markets are used to allocate space on the transmission lines, maintain operating reserves
and match supply with demand in real time.
Preliminary results for fiscal 2006 suggest a further sizeable increase in operating reserves
The underlying 'A' rating reflects Mabank ISD's favorable financial profile, characterized by generally positive operating results and satisfactory operating reserves
Recent improvement in several key financial measures, including sales tax receipts, tax base growth, and operating reserves
, suggests the economic recovery continues to strengthen in the city.