Unrestricted Fund Balance

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Finance

FY2015-16
Target: 16.7% as a percent of revenue
Target Status:
MEETING TARGET

In general terms, fund balance is the difference of available funds after accounting for a government’s assets minus its liabilities and deferred outflows. Restricted fund balance is the portion of total fund balance that is either non-spendable or restricted for a particular use. Unrestricted fund balance is the portion of that total fund balance that is not restricted in these ways. These designations are governed by rules adopted by the Governmental Accounting Standards Board (GASB).

Unrestricted fund balance available in the General Fund is viewed by rating agencies and financial professionals as a general, high-level indicator of a government’s financial health. The Government Finance Officers Association (GFOA) recommends that governments maintain unrestricted fund balance equivalent to a minimum of two months of revenues, or 16.7 percent. This minimum standard is the target herein used.

SAN FRANCISCO IS OUTPERFORMING THE UNRESTRICTED FUND BALANCE GOAL

How San Francisco is Performing

San Francisco’s unreserved fund balance was equal to 30.1 percent of revenues, as of the end of fiscal year (FY) 2015-16. This is a significant improvement from 4.9 percent in FY 2009-10, and marks the sixth continuous year of increases. This total exceeds all previous levels for the City since FY2000-01.

Additional Information

Data

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