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Non�pendable Funcl 13alances — consists of an�ourjts that are not in s�enciable fc>rm.
<br />"I'l�e Cit.�ias several arnounts unavailable for ap�opriation such as• �repaid items inventories etc
<br />'�Restricted Fund Balance and Restricted Net Assets — consists of ar�n�un:ts related to
<br />externallv im��osed con�traitits esfal�lished hy creditors. �rantc�rs or cc�ntributors• or constraints im�osed
<br />by st�te statutar��rovisior7s. It is the R�ortion of fund balance that is not appropriable for expenditure or
<br />is legally segregated (restricted net assets) for specifc future uses.
<br />The City has several items that are legally restricted to a certain use such as: police forfeiture funds,
<br />federal and state economic development revolving loans, park dedication fees, and bond proceeds. '�
<br />,•
<br />. . .. . . �, ., .
<br />7��.-, �a��;« ��-a�u-������Committei� Funtl I3alance — consists of internally imposed amstraints.
<br />'I'hese constraints are established by Resolution of the Cit� Cou�icil. Commitments may be cha.n�ed or
<br />lifte�i only bv the <*overnment taking fhe same formal action that im� osed thc constra.int or.i�;iiia:llv.
<br />. . . . . .. . . •b • .
<br />r.,. .;,,�.-,;;n� z�Assi�ned Fund Balance — • . , • � � ' � ' � �
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<br />���,;,�.,,,�o,a �;,.. ,. ,.t,
<br />- , ,
<br />- �
<br />, , . , . „ , , ..
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<br />.consists of intel-nally irn�osed
<br />constraints Thesc constrairits reflect the s��ecific �urnose for tivllich it is the Citv's inte�idecl use. `These
<br />c��nstraints are established b�y the City C;ouncil and/<�r inan��ement. Pursu.ant to City Caui�cil Resolution,
<br />the City's Director oi' Finance an�l �dministrative Services andJor C;rty /ldminisCrator is authorized to
<br />estaUlisl� assi�7nments of fund balatice.
<br />. Unassi�ned Fuixc� Iittlance — F��-e�t�
<br />b , .is tl�e
<br />residual classification fot• the �;enei�a( fiind and also reflects ne�ative residual amounts in otlier fu�ids.
<br />General Fund — The �-Llassi � ned fund balance should be at a minimum 50% of operating
<br />expenditures (this includes the designation for cash flows). The City's goal will be to si-rive to follow this
<br />recommendation.
<br />I'•\Finance\Pc�licics and Procedures\I'olicies\Furr� Balance: Policy-2011.doc":`'���^������-•`r'^';,.�,,"
<br />r„n, ,,,.:�,o,a i i ii ni�n� t.�.zi_n�.�Ad.o��ted 11/28/2011
<br />. G.J A. !. lYl..
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