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ADDITIONS AND DELETIONS <br /> B. FINANCIAL POLICIES <br /> 2. Fund Reserves (February 3, 2020) <br /> It is the policy of the city of Decatur, Illinois to maintain fund reserves sufficient to <br /> maintain normal governmental cash flow requirements during the course of the year, <br /> provide resiliency against catastrophic loss, buffer for the occurrence of one or more <br /> community emergencies, demonstrate that the city has the capacity to properly manage its <br /> finances often contributing directly to lower debt financing costs,and/or endure a sustained <br /> economic downturn. The desire to maintain fund reserves in the General Fund should be <br /> tempered by the City Council's obligation to maintain taxes at a rate that is not burdensome. <br /> financing costs. The City will maintain a General Fund cash reserve equal to seventy-five <br /> (75) days, not including capital expenditures valued at more than $100,000, with the <br /> understanding that month-to-month reserves will vary based on expenditure demands and <br /> fluctuating revenue patterns. <br /> ••- - -- - •- • : a restricted cash reserve is to insure uninterrupted operations <br /> General Fund cash reserves to equal 60 days (one sixth of the annual General Fund <br /> MORE THAN $100,000.Month to month reserves will vary bascd on expenditure <br /> Fund reserves for funds other than the General Fund may be separately approved from <br /> time-to-time by the City Council. <br />