«Had district officials used more
realistic budget estimates, they could have avoided the accumulation of excess fund balance,» the report states.
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.
«We agree with the recommendation that the district should develop and adopt
budgets that include
realistic estimates,» Mr. Gamberg said.