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6/19/2015 <br />4 <br />Financial Results <br />•An allocation of the $2,475,481 General Fund balance at December 31, <br />2014 is as follows: <br /> <br />Nonspendable - prepaid items/inventory $91,136 <br />Unassigned 2,384,345 <br />Total fund balance $2,475,481 <br />7 <br />Financial Results <br />•The fund balance available at December 31, 2014 is sufficient to meet the <br />City’s policy for minimum unassigned fund balances as follows: <br /> <br />2015 budget $6,693,094 <br />Less: <br />Police services to other cities (1,268,772) <br />Net 2015 budget 5,424,322 <br />Minimum balance (30-35%)30% <br />City minimum working capital fund balance $1,627,297 <br />Net unassigned amount available at 12/31/14 $2,384,345 <br />Actual percent of net budget 43.96% <br />8