Sentences with phrase «of unrestricted fund balance»

«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.

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.

Not exact matches

The draft audit notes that the city's goal had been to maintain an unrestricted fund balance (sometimes referred to as a reserve fund) of 5 percent of its total general fund budget.

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.

Offering unrestricted numbers of deposits (up to a maximum balance of # 1,000,000), our Notice Accounts enable you to grow your business funds in a way that works for you.