City of Harborview

Community Performance Dashboard

Reporting Period Q2-26
Measure · Financial Stewardship

General Fund Reserve %

Unrestricted General Fund reserves as a percentage of annual operating expenditures. Healthy reserves protect services during emergencies and revenue downturns and support the City’s AA credit rating; the target is 16% or higher.
On Target

Actual vs Target

Quarterly · Q3-24 to Q2-26

Quarterly Analysis

  1. Harborview reached 20.1% in 2026-Q2, a 0.8 percentage point increase from 19.3%, and is firmly green above the >=16% target.
  2. This is the strongest result in the eight-quarter arc, driven by favorable spring revenues, the closeout of prior-year encumbrances on vendor accounts V-1842 and V-2197, and continued control of departmental operating budgets.
  3. The movement from 19.1% at 2025-Q4 to 20.1% now gives Council a clear fiscal stewardship message: reserves were used thoughtfully, then replenished without service disruption.
  4. The AA-rated position is reinforced here, but the tone should stay disciplined—we are in a strong place because teams met deadlines, documented assumptions, and avoided turning one-time strength into recurring commitments.

Recommendations

  1. Sustain the green result by adopting 20.1% as the planning baseline for the next quarterly forecast and preserving the >=16% policy floor as the non-negotiable minimum.
  2. Extend the strength by recommending a Council-approved reserve strategy: maintain operating reserves, assign a limited one-time amount to capital or grant-match needs, and leave recurring program expansions to the normal budget process.
  3. Finance should publish a concise eight-quarter reserve trend for the budget retreat so departments see how their closeout discipline contributed to this result.