This is the amount our leaders feel is essential for the continued operation of the city in the event of an emergency - earthquake, civil unrest, etc. Other sub-sections of that part of the drawer are designated for workers' compensation claims; accrued compensated absences (vacations upon termination, for example); general liability claims; post employment benefits and a section designated for use to balance the following year's operating budget. The remaining compartment is the "undesignated" segment.
The "Total unreserved" sub-total, which Moorlach/Bever and Lobdell call "Savings," — for the fiscal year ending June, 2007, was $55,057,757. For FY ending June 2008 it was $50,467,786. For 2009 it was $33,716,155. The difference between 2007 and 2009 is $21,341,602, a significant amount, but not even half the myth shoved off on the readers by Moorlach/Bever and Lobdell. The number for the year ending June 2010 has not yet been authenticated, but city staffers estimated it will be in the area of $30,000,000 — still well short of that $50 million proclaimed by Moorlach/Bever and Lobdell.