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Attachment D
<br />Information on General Fund, Fund Balance Trends The FY18 Comprehensive Annual Financial Report (CAFR) includes key data related to the General Fund’s Ending Fund Balance. Fund balance information is contained in several places:
<br />•Governmental Funds, Balance Sheet, Exhibit 3, page 29.
<br />•Governmental Funds, Statement of Revenues, Expenditures and Changes in Fund Balance,Exhibit 4, page 30.
<br />•Notes to Basic Financial Statements, Note 1(Q), Fund Balance, pages 47-48.
<br />•General Fund, Schedule of Revenues, Expenditures and Changes in Fund Balance, Budget andActual, Schedule A-1, page 89.Included in these exhibits and schedules is information on the change in the General Fund’s fund balance from the prior year, as well as a breakdown of elements of fund balance.
<br />General Fund Ending Working Capital (Budget Basis) FY18 actual results show an ending working capital (EWC) in the General Fund, reporting fund (including the Main Subfund, Cultural Services Subfund and Equipment Replacement Subfund) of $63,738,160 which is $4,447,397 more than the FY17 EWC and $11,649,939 more than anticipated for carryover resources in the FY19 Adopted Budget. These figures are reported on a Budget Basis of accounting. The chart below compares FY17 and FY18 EWC for the General Fund (Budget Basis). General Fund Cultural EquipmentEnding Working Capital Services Replacement Total ReportingBudget Basis Main Subfund Subfund Subfund Fund *FY17 $55,418,726 $3,011,423 $860,614 $59,290,763FY1860,717,897 2,337,826 682,437 63,738,160Change5,299,171 (673,597) (178,177) 4,447,397
<br />General Fund Ending Fund Balance (GAAP Basis) GAAP results differ from budget basis results because the budget is created on a modified accrual basis while GAAP rules are slightly different in terms of when revenues and expenditures are recognized. The chart below compares FY17 and FY18 EWC for the General Fund (GAAP Basis). General Fund Cultural EquipmentEnding Working Capital Services Replacement Total ReportingGAAP Basis Main Subfund Subfund Subfund Fund *FY17 $56,487,217 $3,026,367 $859,064 $60,372,648FY1861,941,340 2,313,552 679,283 64,934,175Change5,454,123 (712,815) (179,781) 4,561,527*Source: CAFR Exhibit 3, page 27 (FY17). *Source: CAFR Exhibit 3, page 29 (FY18).
<br />December 10, 2018, Meeting - Item 2D
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