AR 6305: Reserves

Reserve funds may be established to maintain, improve, or replace service, property, or equipment. In fund accounting, reserves are established for a specific purpose by the fund.

Areas of Responsibility

  • Reserve funds can include funds budgeted for contingency and ending fund balances.
  • Reserve funds address emergencies, unanticipated expenses, or a temporary shortfall.
  • Reserve funds provide stability during economic cycles.
  • Reserve funds provide resources for capital construction and maintenance needs. Reserve funds are designated for a specific stated purpose (e.g., debt service for bond repayment or PERS bonds).
Approved: 9/5/2023
  • ORS 294.346
  • Oregon Department of Revenue “Local Budgeting Manual” (150-504-420)
  • OAR 150-294-0340