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Cluster · transfer · FY 2024
Use of excess fund balance to pay operating expenditures.
Not promoted to the official baseline.
This cluster is useful evidence for review. It does not drive the budget simulator until an admin confirms the amount against an official source and promotes it.
Corroboration
1docs
Consensus
0%
Votes attached
0
Date range
2023-10-10 — 2023-10-10
Use of excess fund balance to pay operating expenditures.
The City of Nowthen is utilizing excess fund balance ($250,125) to pay for some operating expenditures in 2024. The city is still projected to have a healthy fund balance in the general fund of 50% of total operating expenditures at the end of 2024.
Reasoning: Explicitly described as a transfer from fund balance.