Management and Budget staff present fund‑balance classifications and implications
Department of Management and Budget staff presented a report explaining categories of fund balance (nonspendable, restricted, committed, assigned, unassigned) and how those classifications affect the county's ability to use funds; no substantive changes were requested at the committee meeting.
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James from the Department of Management and Budget presented the committee with a fund‑balance report in response to a budget instruction. He explained that fund balance is equivalent to retained earnings and described the standard classifications — nonspendable, restricted, committed, assigned and unassigned — and how those categories constrain or permit spending.
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