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26 <br /> Best Practices for Unassigned General Fund Balance <br /> The Government Finance Officers <br /> Association (GFOA) of U. S. and Canada: <br /> • Updated the Best Practice on unassigned general <br /> fund balances in 2009 <br /> • At a minimum an unassigned general fund <br /> balance of no less than 2 months of regular general <br /> fund operating revenues or operating <br /> expenditures <br /> • Equates to 16.7% of either general fund <br /> operating revenues or operating expenditures <br />