State law limits districts» «rainy day» reserves, technically known as unassigned fund balances, to no more than 4 percent of total budgets. (newsday.com)
This funding will allow the Library to provide an additional 18 open hours of service, fund outreach bookmobile operations, support existing and expanded services at multiple locations and reduce the budgeted use of unassigned fund balance from $ 852,555 in the 2014 proposed budget to $ 702,555. (buffalolib.org)
The district should ensure that the district's unassigned fund balance complies with statutory limits, the report said. (newsday.com)