Term
Reserve
Also known as: Fund balance reserve, Rainy-day fund
Money set aside in a fund's balance for future obligations, emergencies, or working capital.
Menlo Park has a General Fund reserve policy (typically 25-50% of operating expense). Reserves are tracked at year-end in the ACFR but don't typically appear in operating budget exports.
In Menlo Park
GF reserve target is set by Council policy.