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30, 000,000 <br />25,000,000 <br />20,400,000 <br />15,000,400 <br />10,400)000 <br />5000,000 <br />General Fund <br />21105 2006 2007 20116 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 <br />Revenue Expenditures Feud EaI ce -Target-Mininitorn <br />The City's Reserve Policy for the General Fund states, <br />The minimum unrestricted fund balance of the General Fund shall be maintained at or above 15% of <br />current operating expenditures. For purpose of this policy, operating expenditures are defined as all <br />expenditures less any interfund transfers to other funds, regardless of whether the transfers are <br />considered recurring or non-recurring. <br />While the minimum unrestricted fund balance is set at 15% of current operating expenditures, the <br />targeted unrestricted fund balance will be at or above 20% of current operating expenditures. <br />The projected General Fund balance at the end of 2021 is $6.2 million. This equates to 26% of <br />operating expenditures and is above the targeted fund balance as defined in the Reserve Policy. <br />Open Space & Parks Fund Long -Term Forecast <br />Incorporating the revenue projections, the operating expenditure targets, the interfund transfer <br />projections, and the updated C -I -P projections outlined in the preceding discussion, the following graph <br />summarizes a history and projection of revenue, expenditures, and fund balances for the Open Space <br />& Parks Fund. <br />11 <br />