Chair Lee questions OMB on reserves budgeting in dedicated units of appropriation
Lee asks whether reserves should be budgeted in dedicated UofAs rather than lumped in miscellaneous budget. Solomon expresses willingness to discuss improving the display of reserve information, noting everyone already knows the amounts down to the penny.
So currently, I'm sorry, going back to U of A, the city's reserves are held in one unit of appropriation, 002, in the miscellaneous budget, which also includes judgments and claims, various transit subsidies, and other citywide fixed costs.
So do you think it'd be better and provide more transparency for the city to budget its reserves in dedicated units of appropriation rather than just...
Altogether in a lump sum.
Yeah, I think, look, we're happy to have a conversation with you about it.
I think that there's been certainly a greater focus and attention on reserves now.
I think everyone knows down to the penny exactly what we have in reserves because there's been so much discussion about it.
But, of course, we're happy to talk to you about ways that we can improve that level of, you know, display of information.
Okay.