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Nonspendable Fund Balances—consists of amounts that are not in spendable form. <br /> The City has several amounts unavailable for appropriation such as: prepaid items, inventories,etc. <br /> mod--Restricted Fund Balance and Restricted Net Assets—consists of amounts related to <br /> externally imposed constraints established by creditors,grantors or contributors; or constraints imposed <br /> by state statutory provisions. It is the Pportion of fund balance that is not appropriable for expenditure or <br /> is legally segregated(restricted net assets)for specific 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,—The <br /> Committed Fund Balance—consists of internally imposed constraints. <br /> These constraints are established by Resolution of the City Council. Commitments may be changed or <br /> lifted only by the government taking the same formal action that imposed the constraint originally. <br /> DesignatedAssigned Fund Balance— ' . <br /> Designation for cashflows- This-designation-will-be-established-fer4he-Genefal-Funfl-wilieh-is-canded <br /> largel„fr.�,.,, loc l:„ „t a:.d pertytm es „d market, al„e credit <br /> , <br /> designated f r s ch <br /> f,r;br <br /> The fund bala„co .,these f nds, ,ill all be designated f,.a pital <br /> Designation,for-eco <br /> , <br /> .consists of internally imposed <br /> constraints. These constraints reflect the specific purpose for which it is the City's intended use. These <br /> constraints are established by the City Council and/or management. Pursuant to City Council Resolution, <br /> the City's Director of Finance and Administrative Services and/or City Administrator is authorized to <br /> establish assignments of fund balance. <br /> Unassigned Fund Balance— rterrt <br /> is the <br /> residual classification for the general fund and also reflects negative residual amounts in other funds. <br /> General Fund—The unreserved uassi.gned 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 strive to follow this <br /> recommendation. <br /> 10 P:\Finance\Policies and Procedures\Policies\Funll Balance Policy-2011.docP:\Finance\Policies <br /> and Proceduros\Policies\Fund Balance Policy.d oc <br /> Last printed 11110/20-14 , Adopted 11/28/2011 <br />