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Whether it's impulse shopping, forgetting to pay bills on time or putting off building that emergency fund, balancing what you want to do and what you "should" do is never easy.
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"We have a balanced budget and our fund balance for next year will be about $25 million.
A new fund balance strategy?
Purchasing, reimbursements, fund balances, card management, recharge/billing.
Rather the fees are periodically deducted from fund balances.
The balance reverted is equal to the beginning-of-year fund balance, plus revenue less expenses.
"Using that fund balance," Councilman Rivenbark said, "is like paying your rent with a credit card.
And we built the largest rainy-day fund balance in state history.
The auditors also called for a more stable method of accumulating fund balances or surpluses.
"We've been balancing our budgets on fund balances, fund transfers, in some cases accounting changes and other temporary sources.
One can think of the fund balance as a community savings account.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com