MISSOURI CITY, TX
General Fund Fund Balance Within Policy
Responsible City Government
Status Indicators: On Target | Monitoring Progress | Reviewing for Improvement | Neutral- Actual Figure | Project Not Scheduled to Begin Yet
Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the fiscal year. The City’s fiscal year runs from October 1st – September 30th and is denoted by FY. CY denotes calendar year.
The City’s General Fund Fund Balance exceeds that required per City policy, and is believed to be sufficient to address economic or environmental challenges without disrupting the delivery of City services.
Reserve funds will be established and maintained to ensure the continued delivery of City services to address emergencies, address a temporary revenue shortfall or provide stability throughout economic cycles. Sufficient reserve funds will be managed to provide adequate cash flow and provide continuity in service delivery.
As part of this policy and the City’s financial plan, the City targets a Fund Balance within the range of 20% to 30% of operating expenditures including recurring transfers.
The City Council may also approve commitments of fund balance from time to time in order to meet the City’s needs.
The City must be prepared to absorb large or unexpected one-time expenditures or changes in the economy.
The Annual Comprehensive Financial Report