Unrestricted Fund Balance

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Finance

Goal: 16.7% as a percent of revenue
Goal Status: MEETING GOAL

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 24.4 percent of revenues, as of the end of fiscal year (FY) 2014-15. This marked an improvement from 19.4 percent from the prior year, and 4.9 percent in FY 2009-10. This total now exceeds the recent prior peak level for the City of 14.9% in FY 2007-08.

Additional Information

Data

Please click first on the chart above and then click the “Download” button in the bottom right corner of the visualization to view and download the data displayed in the chart.