Mi Dashboard - Reserves

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Reserves

Why it Matters: It is considered good practice to keep at least 10% of annual operating expenditures in "savings". This allows the government to cover unexpected expenses or drops in revenue. The following chart shows the reserves maintained by state government.

Source: Michigan CAFR

Note: The reserves are expressed as a percentage of unrestricted net assets available for spending in governmental funds relative to total expenditures in the governmental funds.