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24 <br />1 Clarence Grier said the 17 percent for unassigned balance is based on a <br />2 recommendation by the Government Finance Officers Association. He said this equals just over <br />3 two months of expenditures for the fiscal year. <br />4 <br />5 He reviewed the following information from the abstract: <br />6 As of June 30, 2013, the General Fund Unassigned Fund Balance totaled $41.8 million <br />7 (Attachment 2). Of this amount, $5.2 million was appropriated prior to the end of the fiscal year <br />8 to balance the FY 2013 — 2014 General Fund Operating Budget. After the appropriations of the <br />9 General Fund's fund balance available for appropriation, the General Fund unassigned fund <br />10 balance as of June 30, 2013 was $36.6 million, which represents 20.17% of the General Fund <br />11 expenditures as of June 30, 2013. This represents approximately a 125% increase in the <br />12 General Fund unassigned fund balance since June 30, 2009. Additionally this represents <br />13 unassigned fund balance in excess of the fund balance policy of $5.7 million. <br />14 <br />15 Clarence Grier said that staff recommends that the BOCC consider the following <br />16 suggested uses: <br />17 <br />18 General Fund Balance Available for <br />19 Appropriation <br />20 As of December 10, 2013 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />47 <br />48 <br />49 <br />50 <br />Fund Balance Available for Appropriation (A), June 30, 2013 <br />Fund Balance, Assigned <br />$ 5,190,118 <br />Total Assigned Fund Balance (B) <br />Fund Balance Unassigned (A less B), June 30, 2013 <br />General Fund Expenditures for the year ended June 30, 2013 <br />General Fund Unassigned Fund Balance as of June 30, 2013 <br />As a Percentage of General Fund Expenditures <br />BOCC Fund Balance Policy - 17 % <br />Totals <br />$ 41,798,172 <br />$ 5,190,118 <br />36.608.054 <br />181.528.386 <br />20.17% <br />17.00% <br />General Fund Unassigned Fund Balance as of June 30, 2013 <br />In excess of the Board's policy $ 5,748,228 <br />Less: Sportsplex Land Purchase (382,000) <br />Less: OPEB Funding (3,000,000) <br />Less: CY Appropriation of Fund Balance (225,539) <br />Additional Unassigned Fund Balance Available for Appropriation <br />As of November 30, 2013 $ 2,140,689 <br />Suggested Current Year uses of the Additional Fund Balance Available to avoid financing cost: <br />County Rural Recycling (1/2 Year Funding for FY 2014 -15) (315,000) <br />Additional Amounts Available for Appropriation <br />for Current Fiscal Year or FY 2014 -15 <br />$1.825,689 <br />* 17% Fund Balance totals ................................ ............................... $30,859,826 <br />