The Government Finance Officers Association (GFOA), founded in 1906, represents public finance officials throughout the United States and Canada.| www.gfoa.org
The budget is, arguably, the most important policy document that a local government produces. The budget decides how the community’s resources will be allocated between services like public safety, health, mobility, education, and more—all of which are needed for a thriving community.| www.gfoa.org
Appropriate Level. The adequacy of unrestricted fund balance in the general fund should take into account each government’s own unique circumstances. For example, governments that may be vulnerable to natural disasters, more dependent on a volatile revenue source, or potentially subject to cuts in state aid and/or federal grants may need to maintain a higher level in the unrestricted fund balance. Articulating these risks in a fund balance policy makes it easier to explain to sta...| www.gfoa.org