Laserfiche WebLink
16 <br />Spending Order of Fund Balances <br />When both restricted and unrestricted resources are available for use, it is the City’s policy to first <br />use restricted resources, and then use unrestricted (committed, assigned, and unassigned) <br />resources as they are needed. When unrestricted resources are available for use, it is the city’s <br />policy to use resources in the following order: 1) committed, 2) assigned, 3) unassigned. <br />Annual Review <br />The Finance Director and/or City Administrator will review fund balances annually with the City <br />Auditor and determine the adequacy of those balances. <br />Approved by Council 06-24-2019