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ORANGE COUNTY, NORTH CAROLINA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JUNE 30, 2012 State law [G.S. 159-13(b)(16)] restricts appropriation of fund balance for the subsequent year's budget to an amount not to exceed the sum of cash and investments minus the sum of liabilities, encumbrances, and deferred revenues arising from cash receipts as those amounts stand at the close of the fiscal year preceding the budget year. The governmental fund types classify fund balances as follows: Non-Spendable Fund Balance This classification includes amounts that cannot be spent because they are either (a) not in spendable form or (b) legally or contractually required to be maintained intact. Inventories portion of fund balance that is not an available resource because it represents the year-end balance of ending inventories, which are not spendable resources. Prepaid Items portion of fund balance that is not an available resource because it represents prepaid amounts, which are not spendable resources. Restricted Fund Balance This classification includes amounts that are restricted to specific purposes externally imposed by creditors or imposed by law. Stabilization by State Statute portion of fund balance that is not an available resource for appropriation in accordance with State law [G.S. 159-8(a)]. Restricted for Education portion of fund balance restricted by revenue source to be used to support public education. Restricted for Governing and Management portion of fund balance that is restricted by revenue source for general government administration. Restricted for Public Safety portion of fund balance restricted by revenue source for public safety related activities, such as law enforcement, fire protection, EMS, and E-911 communications. Restricted for Community and Environment portion of fund balance restricted by revenue source for use for planning, economic development, and other related activities. 38