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6 <br /> 1 Budget vs. Actual <br /> 2 General Fund <br /> 3 <br /> 4 Tax Collection Percentages <br /> 5 Fund Balance History (General Fund) <br /> 6 Fund Balance <br /> 7 <br /> 8 Available fund balance as defined by the Local Government Commission (LGC) is calculated as <br /> 9 follows: <br /> 10 <br /> 11 Total Fund Balance <br /> 12 Less: Non spendable (not in cash form, not available) <br /> 13 Less: Stabilization by State Statute (by state law, not available) <br /> 14 Available Fund Balance <br /> 15 <br /> 16 This is the calculation utilized as the basis for comparing you to other units and <br /> 17 calculating your fund balance percentages. <br /> 18 Fund Balance Position-General Fund <br /> 19 Total Fund Balance $47,859,506 <br /> 20 Non spendable - 34,734 <br /> 21 Stabilization by State Statute - 8,399,062 <br /> 22 Available Fund Balance $39,425,710 <br /> 23 <br /> 24 Available Fund Balance 2011 $28,966,701 <br /> 25 Increase in Available FB $10,459,009 <br /> 26 Available Fund Balance as a Percent of Expenditures and Transfers out—General Fund <br /> 27 <br /> 28 Major Enterprise Funds <br /> 29 SportsPlex Solid Waste <br /> 30 Fund Fund <br /> 31 ❖ Total operating revenues $ 2,785,702 $ 8,346,142 <br /> 32 ❖ Total operating expenses $ 2,691 ,802 $ 10,525,484 <br /> 33 ❖ Operating Loss $ 93,900 $ (2,179,342) <br /> 34 <br /> 35 Major Enterprise Funds <br /> 36 Cash Flow Unrestricted <br /> 37 Debt Service From Operations Net Assets <br /> 38 Solid Waste $ 554,634 $ 1 ,001 ,323 $ 1 ,854,591 <br /> 39 SportsPlex $ 593,685 $ 381 ,402 $ 972,165 <br /> 40 <br /> 41 Clarence Grier said that this report is in draft format because there is a re-funding item <br /> 42 that the LGC is still reviewing, but this is 99.9% done. <br /> 43 <br /> 44 b. Government Finance Officers' Association (GFOA) Certificate of <br /> 45 Achievement Award <br /> 46 The Board considered recognizing the Financial Services staff of the Orange County <br /> 47 Finance and Administrative Services Department for earning the Government Finance Officers' <br /> 48 Association (GFOA) Certificate of Achievement for the June 30, 2011 Comprehensive Annual <br /> 49 Financial Report (CAFR). <br />