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Attachment D
<br />Information on General Fund, Fund Balance Trends The FY19 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 25.
<br />•Governmental Funds, Statement of Revenues, Expenditures and Changes in Fund Balance,Exhibit 4, page 26.
<br />•Notes to Basic Financial Statements, Note 1(Q), Fund Balance, pages 43-44.
<br />•General Fund, Schedule of Revenues, Expenditures and Changes in Fund Balance, Budget andActual, Schedule A-1, page 83.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) FY19 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 $63,130,039 which is $608,121 less than the FY18 EWC and $2,295,822 more than anticipated for carryover resources in the FY20 Adopted Budget. These figures are reported on a Budget Basis of accounting. The chart below compares FY18 and FY19 EWC for the General Fund (Budget Basis). General Fund Cultural EquipmentEnding Working Capital Services Replacement Total ReportingBudget Basis Main Subfund Subfund Subfund Fund *FY18 60,717,897 2,337,826 682,437 $63,738,160FY1959,363,603 2,988,286 778,150 63,130,039Change(1,354,294) 650,460 95,713 (608,121)
<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 FY18 and FY19 EWC for the General Fund (GAAP Basis). General Fund Cultural EquipmentEnding Working Capital Services Replacement Total ReportingGAAP Basis Main Subfund Subfund Subfund Fund *FY18 61,941,340 2,313,552 679,283 $64,934,175FY1961,245,130 3,003,994 779,982 65,029,106Change(696,210) 690,442 100,699 94,931*Source: CAFR A-1, page 89 (FY18). *Source: CAFR A-1, page 83 (FY19).
<br />December 9, 2019, Meeting – Item 2CDecember 9, 2019, Meeting - Item 2CCC Agenda - Page 224
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