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CITY OF EUGENE, OREGON <br />Notes to Basic Financial Statements <br />(1) Summary of Significant Accounting Policies, continued <br /> (P) Fund Balance, continued <br />Unassigned fund balance is the residual classification for the General Fund. This classification represents fund <br />balance that has not been restricted, committed, or assigned within the General Fund. Unassigned fund balance is <br />primarily comprised of the difference between budget and actual results for the current fiscal year. This classification <br />is also used to report any negative fund balance amounts in other governmental funds. <br />When both restricted and unrestricted (committed, assigned, or unassigned) resources are available for use, it is the <br />City’s practice to use restricted resources first, then unrestricted resources as needed. When an expenditure is <br />incurred where an unrestricted fund balance classification could be used, the City’s practice is to use committed <br />resources first, assigned resources second, and then unassigned amounts as they are needed. <br />Fund balances by classification for the year ended June 30, 2015 were as follows: <br />continued <br />47 <br />