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<br />~~\ City of Redwood Ci <br />RPd\'tp!.@j Budget Study Session <br />OIIV ~u,," '''' 2006-2008 <br />\~. <br />~_/ <br /> Enterprise Funds - Water <br />· Status of the Fund <br />o Begin new fiscal year with emergency reserve <br />of $2.0 million <br />o In addition, accumulated revenues for active <br />conservation program estimated at $1.3 million <br />o $8.3 million rate stabilization reserve <br /> 2 <br />