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1/2/2025 <br />21 <br />41 <br />Key Operating Reserve Targets <br />•General Fund: <br />•Reserve range: 16.7% to 25% <br />•Target: 20% <br />•Water Fund: <br />•Reserve range: 30% to 40% <br />•Target: 35% <br />•Sewer Fund: <br />•Reserve range: 30% to 40% <br />•Target: 35% <br />Long-Range Financial Planning <br />42 <br />•Helps the City to diagnose potential risks, focus on long-term objectives, and <br />stimulate big-picture thinking <br />•The City needs to identify long-term financial trends beyond the biennial <br />budget and multi-year capital planning <br />•Revenue projection is conservative <br />3.5% in annual property tax growth <br />2.0% in annual sales tax growth <br />•Expenditure projection is not aggressive <br />3.0% in annual salary and general benefit increase <br />•Expenditure projection needs to be more conservative if revenue projection is <br />more aggressive <br />41 <br />42 <br />Page 105 of 109