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REDWOOD CITY FAIR AND AFFORDABLE HOUSING ORDINANCE <br /> <br />Economic & Planning Systems, Inc. 47 Impact on City Finances <br />Because tenant legal services are part of annual program administration costs, the <br />reserve requirement should be calculated based on total annual program <br />administration costs, including legal services. <br />Table 19. Operating Reserve <br /> <br /> <br />Minimum Average Maximum <br />Operating Reserve <br />Ongoing Annual Program Cost $4,997,594 $7,619,044 $11,077,596 <br />Operating Reserve Two Month Reserve $832,932 $1,269,841 $1,846,266 <br />Annual Reserve Contribution Funded Over Two Years $416,466 $634,920 $923,133 <br />Annual Reserve Contribution per Unit 16,168 Units $26 $39 $57 <br />Cost Assumption <br />Level of Enforcement <br />8.A. - Page 106 of 168 <br />116