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Agenda - 05-16-2017 - 6-a - Amendments to the County’s Fund Balance Management Policy Regarding the General Fund Unassigned Fund Balance
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Agenda - 05-16-2017 - 6-a - Amendments to the County’s Fund Balance Management Policy Regarding the General Fund Unassigned Fund Balance
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5/12/2017 8:43:06 AM
Creation date
5/12/2017 10:02:35 AM
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BOCC
Date
5/16/2017
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6a
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Minutes 05-16-2017
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\Board of County Commissioners\Minutes - Approved\2010's\2017
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34 <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 /> 12 <br />
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