3150.00 | Fund Balance

The following definitions will be used in reporting activity in governmental funds across the District.  The District may or may not report all fund types in any given reporting period, based on actual circumstances and activity.

  1. Non-spendable Fund Balance.  Includes amounts that cannot be spent because they are either:
    1. Not in spendable form; or
    2. Legally or contractually required to be maintained intact.
  2. Restricted Fund Balance.  Includes amounts that can be spent only for the specific purposes stipulated by District policy, external resource providers, or through federal regulations or State laws or rules.
  3. Committed Fund Balance.  Includes amounts that can be used only for the specific purposes determined by a formal action of the Board.
  4. Assigned Fund Balance.  Includes amounts intended to be used by the District for specific purposes, but do not meet the criteria to be classified as restricted or committed. In funds other than the General Fund, the assigned fund balance represents the remaining amount that is not restricted or committed. Authority to Assign - The Board delegates to the Superintendent or designee the authority to assign amounts to be used for specific purposes.  Such assignments cannot exceed the available (spendable, unrestricted, uncommitted) fund balance in any particular fund.
  5. Unassigned Fund Balance. Includes the residual classifications for the District's General Fund and includes all spendable amounts not contained in the other classifications. In other funds, the unassigned classification should be used only to report a deficit balance from overspending for specific purposes for which amounts had been restricted, committed, or assigned.
  6. Unrestricted Fund Balance. In accordance with generally accepted accounting principles, this includes the sum of Committee, Assigned, and Unassigned fund balances where the only constraint is spending, if any, is imposed by the Board itself.