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Michael Talbert said the commitment will come after the public hearing and before the <br /> budget is adopted. <br /> VOTE: Ayes, 6; Nays, 1(Commissioner McKee) <br /> c. Recommended Uses of General Fund Unassigned Fund Balance as of June <br /> 30, 2013 <br /> The Board considered a recommendation for the use of the General Fund Unassigned <br /> Fund Balance in excess of the BOCC's fund balance policy. <br /> Clarence Grier read the following information from the abstract: <br /> On April 5, 2011, the BOCC adopted a fund balance policy that states: <br /> The County will strive to maintain an unassigned fund balance in the General Fund of 17% <br /> percent of budgeted general fund operating expenditures each fiscal year. The amount of <br /> unassigned fund balance maintained during each fiscal year should not fall below 8% percent <br /> of <br /> budgeted general fund operating expenditures, as recommended by the North Carolina Local <br /> Government Commission. <br /> Clarence Grier said the 17 percent for unassigned balance is based on a <br /> recommendation by the Government Finance Officers Association. He said this equals just <br /> over two months of expenditures for the fiscal year. <br /> He reviewed the following information from the abstract: <br /> As of June 30, 2013, the General Fund Unassigned Fund Balance totaled $41.8 million <br /> (Attachment 2). Of this amount, $5.2 million was appropriated prior to the end of the fiscal year <br /> to balance the FY 2013 —2014 General Fund Operating Budget. After the appropriations of <br /> the General Fund's fund balance available for appropriation, the General Fund unassigned <br /> fund balance as of June 30, 2013 was $36.6 million, which represents 20.17% of the General <br /> Fund expenditures as of June 30, 2013. This represents approximately a 125% increase in the <br /> General Fund unassigned fund balance since June 30, 2009. Additionally this represents <br /> unassigned fund balance in excess of the fund balance policy of$5.7 million. <br /> Clarence Grier said that staff recommends that the BOCC consider the following <br /> suggested uses: <br /> General Fund Balance Available for <br /> Appropriation <br /> As of December 10, 2013 <br /> Totals <br /> Fund Balance Available for Appropriation (A), June 30, 2013 $ 41,798,172 <br /> Fund Balance, Assigned <br /> $ 5,190,118 <br /> Total Assigned Fund Balance (B) $ 5,190,118 <br /> Fund Balance Unassigned (A less B), June 30, 2013 $ 36,608,054 <br />