Status of Fund Balances
GAAP-basis fund balances for the General Fund and Special Revenue Funds
at June 30 (expressed in thousands) for the last five years were:
The reserved component of fund balance represents amounts legally required
to be segregated and amounts that cannot be appropriated for future expenditure. The
unreserved component of fund balance is computed as total fund balance less reserved
amounts. Even for years in which the total fund balance in the General Fund was
positive, the unreserved component of fund balance was negative because the reserve
requirements exceeded total fund balance.
The designated portion of unreserved fund balance reflects tentative plans for
future use of available financial resources.