In a traditional budget, where any dollars not needed to pay expenses are classified as excess or
unassigned funds, there is always the danger that you may be tempted to spend this money unproductively.
Erie County Legislator John Mills and some of his colleagues recently proposed a resolution requesting the county transfer $ 5 million in
unassigned funds to the Department of Public Works in order to address ongoing road issues.
Importantly, undesignated and
unassigned fund balance has grown from $ 85.2 million to $ 103.6 million in that same time.
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's
unassigned fund balance during those years exceeded the statutory limit, said the report, which covered July 2012 through December 2015.
Not exact matches
Following approval of the annual budget, no additional
unassigned General
Fund fund balance shall be appropriated as revenue during the fiscal year without the affirmative vote of at least two - thirds of the total membership of the County Legislat
Fund fund balance shall be appropriated as revenue during the fiscal year without the affirmative vote of at least two - thirds of the total membership of the County Legislat
fund balance shall be appropriated as revenue during the fiscal year without the affirmative vote of at least two - thirds of the total membership of the County Legislature.
The County shall maintain an
unassigned balance in the General
Fund equal to or greater than five percent of the amount contained in the adopted budget of the General
Fund of the County's last audited financial statements.
The County may only approve
unassigned General
Fund fund balance below the five percent level upon a two - thirds supermajority vote of the County Legislat
Fund fund balance below the five percent level upon a two - thirds supermajority vote of the County Legislat
fund balance below the five percent level upon a two - thirds supermajority vote of the County Legislature.
Nassau Comptroller Jack Schnirman said the county has $ 46 million in
unassigned available
fund reserves and that paying the settlement in cash will drain those
funds to $ 1 million.