Sentences with phrase «districts unrestricted fund balance»

The budget does close what was originally a $ 65 million gap, and that was accomplished with the help of money from the districts unrestricted fund balance.

Not exact matches

The Comptroller's office recommends the District adopt budgets based on what it called realistic estimates, with reasonable fund balances, and come up with a use for the excess unrestricted fund balance that would benefit District residents.

District officials designated more than $ 3 million of unrestricted fund balance for costs related to other post-employment benefits each year, but did not use the funds to make related payments, the report noted.

«Although the need to address the excess accumulation of unrestricted fund balance was pointed out to district officials repeatedly by the independent auditors, district officials have not taken appropriate action to address this situation,» read the report.

Taking $ 14 million from the fund balance would leave the district with just $ 4 million in unrestricted reserves, which Slack acknowledged would be «a little thin.»