(1) It shall be the policy of the county to deposit any available reserves in the general fund that exceed general fund liquidity needs to the general fund revenue stabilization fund established by SCC 4.116.010 for use in accordance with chapter 4.116 SCC.

(2) The proposed budget prepared and submitted by the executive pursuant to SCC 4.26.020 and 4.26.060 and the final budget adopted by the council pursuant to SCC 4.26.100 shall state the amount of available reserves in the general fund by dollar amount and as a percentage of prior year revenues to the general fund and the amount of available reserves needed for liquidity purposes. If the proposed or final budget retains any available reserves in the general fund in excess of general fund liquidity needs it shall include an explanation of the reasons why the excess amount was not deposited to the general fund revenue stabilization fund. (Added by Ord. 07-122, Nov. 19, 2007, Eff date Dec. 17, 2007; Amended by Amended Ord. 08-146, Feb. 25, 2009, Eff date Mar. 22, 2009).