SPECIAL FUNDS
Fund 009: REVENUE CLEARING FUND The Revenue Clearing Fund is utilized to accumulate all investment revenue and related expenses of the City's investment portfolios. At month end, net revenues are distributed to all eligible funds based on their respective average daily cash balance ratio to total cash balance, resulting in a zero cash balance in this fund. Beginning FY 2017-18, this fund recovers a portion of the investment management contract fees from the Special Districts, whose portfolio management is handled under the same agreement. The recovered contract costs are allocated based on portfolio amount and number of executed transactions.
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FY 2019-21 Proposed Budget
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