SLIDE 1
County Board Meeting
County Manager’s Proposed FY 2021 Budget
Monday, April 27 @ 2:00 p.m.
1
County Manager's Proposed FY 2021 Budget
Arlington County’s Current Reserves
Reserve Use Amount Replenishment General Fund Operating Reserve Meet a critical, unpredictable financial need 5.5% of the General Fund budget Within the subsequent three (3) fiscal years Stabilization Reserve* Address unexpected, temporary events, such as major weather events or a local/regional emergency requiring immediate incurrence of cost in response; revenue declines; new/unfunded state, regional or federal programs; unexpected capital expenditures; and local or regional economic stress. Minimum of 1.0% of the General Fund budget; 1% equates to $13.5M; recently used $1.7M and proposing to use $4.0M leaving $7.77M Within the subsequent two (2) fiscal years *Reflects proposed changes to the Reserves Policy included in the FY 2021 budget to require the Stabilization Reserve be a minimum of 1.0% of the GF budget.