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Agenda - 09-08-2016 - 3 - General Fund Unassigned Fund Balance Policy
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Agenda - 09-08-2016 - 3 - General Fund Unassigned Fund Balance Policy
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Last modified
9/2/2016 11:09:42 AM
Creation date
9/2/2016 10:20:13 AM
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BOCC
Date
9/8/2016
Meeting Type
Work Session
Document Type
Agenda
Agenda Item
3
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Minutes 09-08-2016
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\Board of County Commissioners\Minutes - Approved\2010's\2016
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15 <br /> Best Practice Unassigned Fund Balance <br /> In Summary <br /> • GFOA Recommends Unassigned Fund <br /> Balance at 2 Months of Expenditures or <br /> 16. 7% <br /> • North Carolina AAA Rated County Peers <br /> Maintain at Least 2 Months; one exception <br /> • Strong Fund Balance provides Financial <br /> Bridge in Recession and Emergencies <br /> 10 <br />
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