Sentences with phrase «unassigned fund balance»

State law limits districts» «rainy day» reserves, technically known as unassigned fund balances, to no more than 4 percent of total budgets.

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.

The district should ensure that the district's unassigned fund balance complies with statutory limits, the report said.

The district's unassigned fund balance during those years exceeded the statutory limit, said the report, which covered July 2012 through December 2015.

Importantly, undesignated and unassigned fund balance has grown from $ 85.2 million to $ 103.6 million in that same time.

At the end of the 2016 fiscal year, the city had $ 40 million in its unassigned fund balance, according to an audited financial statement.