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Metropolitan Wastewater Management Commission Budget and Program Summary <br />7. The Rate Stability Reserve is used to accumulate revenues available at year-end after the budgeted ;;.. <br />Operating Reserve target is met. It is budgeted based on projected revenues and expenditures and is <br />intended to lessen the size of needed rate increases overtime. <br />8. The Operating Reserve is used to account for the accumulated operating revenues net of operations <br />expenditures. The Commission has adopted a policy of maintaining a minimum Operating Reserve balance ~ <br />approximately equal to 10% of the adopted operating budget <br />Page 11 FY 04-OS BUDGET AND CIP <br />