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04/11/2017 (2)
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04/11/2017 (2)
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Last modified
4/29/2025 1:24:35 PM
Creation date
5/22/2017 11:15:06 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
04/11/2017
Meeting Body
Board of County Commissioners
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The General Fund is the chief operating fund of the <br />County. The ending fund balance as of September <br />30, 2016 was $48.4 million. <br />Fund Balance Comparison <br />The fund balance classifications used are: <br />• Nonspendable - Amounts that cannot be spent because they are not in spendable form, VOMM—'NEW <br />such as inventory, prepaid items, and advances to other funds. <br />• Restricted - Use of these resources is based on constraints imposed by external parties, <br />such as creditors, grantors, contributors, or laws and regulations. <br />• Committed - Amounts that can only be spent by approval by a County ordinance by the <br />Board of County Commissioners. <br />• Assigned - Amounts are designated for specific purposes by the Board of County <br />Commissioners via budget amendments and do not meet the criteria of restricted or <br />committed classifications. <br />• Unassigned - Amounts in the general fund that do not meet any other fund balance <br />classifications. <br />Fund Balance Trend <br />(in millions as of September 30) <br />$56.5 $56.8 <br />$55.6 <br />$54.3 <br />$52.9 <br />$51.7 <br />$50.3 $49.9 M$50.3 <br />2007 2008 2009 2010 2011 2012 2013 2014 2015 <br />.'i7 <br />2016 <br />2015 <br />In 2010, the County implemented the Governmental <br />Nonspendable <br />$371,121 <br />$459,546 <br />Accounting Standards Board (GASB) Statement 54. <br />Restricted <br />1,000,000 <br />1,000,000 <br />The objective of Statement 54 is to provide clearer <br />Committed <br />1,166,830 <br />1,092,575 <br />fund balance classifications that can be more <br />Assigned <br />- <br />- <br />consistently applied and by clarifying the existing <br />Unassigned <br />45,909,787 <br />47,727,109 <br />governmental fund type definitions. <br />Total <br />$48,447,738 <br />$50,279,230 <br />The fund balance classifications used are: <br />• Nonspendable - Amounts that cannot be spent because they are not in spendable form, VOMM—'NEW <br />such as inventory, prepaid items, and advances to other funds. <br />• Restricted - Use of these resources is based on constraints imposed by external parties, <br />such as creditors, grantors, contributors, or laws and regulations. <br />• Committed - Amounts that can only be spent by approval by a County ordinance by the <br />Board of County Commissioners. <br />• Assigned - Amounts are designated for specific purposes by the Board of County <br />Commissioners via budget amendments and do not meet the criteria of restricted or <br />committed classifications. <br />• Unassigned - Amounts in the general fund that do not meet any other fund balance <br />classifications. <br />Fund Balance Trend <br />(in millions as of September 30) <br />$56.5 $56.8 <br />$55.6 <br />$54.3 <br />$52.9 <br />$51.7 <br />$50.3 $49.9 M$50.3 <br />2007 2008 2009 2010 2011 2012 2013 2014 2015 <br />.'i7 <br />
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