Fiscal Vitality

Maintain General Fund Unassigned Reserves between 17.0% and 25.0% of Operating Expenditures.

The City of Davenport's elected City Council body adopted a financial policy in FY 2013 stating that the City's General Fund reserves should be between 15% and 20% of the General Fund Operating Budget. This is line with best practices recommended by the Government Finance Officer's Association (GFOA). The City effectively accomplished this goal by the end of FY 2013 and eliminated the need to earmark over $500K annually for reserve growth.Explore the data
percent
Final
percent
Jun 2017 Target
Goal Period ended June 2017
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    Added on February 17 2020, after the goal ended.

        The City of Davenport's elected City Council body adopted a financial policy in FY 2013 stating that the City's General Fund reserves should be between 15% and 20% of the General Fund Operating Budget. This is line with best practices recommended by the Government Finance Officer's Association (GFOA). The City effectively accomplished this goal by the end of FY 2013 and eliminated the need to earmark over $500K annually for reserve growth.

      Data Governance

      describes the quality of the data itself. Governance issues generally indicate that the data source is considered incomplete or unreliable.

      Model Health

      describes the quality of the predictive model. If the model health is poor, the trend prediction should not be trusted.

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