Examples of these are inventories, prepaid expenses, and loans to various agencies. Restricted funds can only be used for the specific purposes as stipulated ...

Committed – The committed fund balance classification includes amounts that can be used only for the specific purposes determined by a formal action of the ...

Examples: Consumable inventories. Student loans receivable. Permanent fund ... Committed fund balance (self-imposed limitations set in place prior to the ...

Committed fund balance represents formal constraints that have been placed on resources within fund balance through formal action of the government's highest ...

The fund balance classifications discussed below apply to all governmental funds — general funds, special revenue funds, debt service funds, capital projects ...

Committed Fund Balance - includes amounts that can be used only for the specific purposes determined by a formal action of the government's highest level of ...

Fund Balance is the total accumulation of operating surpluses and deficits since the beginning of a local government's existence. • Operating Surplus / Deficit.

3) Committed fund balance – amounts that can be used only for the specific purposes determined by a formal action of the Board of Trustees. Commitments may be ...

As noted above, committed and assigned fund balance are exactly that, they are designated for known or planned expenses or possible shock costs, and those ...

Generally, the fund balance that has the flexibility for legal appropriation and expenditure for general operating expenditures is found in the General Fund. 1.