FUND BALANCE & NET POSITION
GOVERNMENTAL FUNDS
• Committed: funds to be used only for a specific purpose based on constraints placed by formal action of the Board of Supervisors. • Assigned: funds the government designates to be used for a specific purpose. • Unassigned: residual fund balance available for any purpose. At the end of each fiscal year, the unassigned fund balance is available for appropriation by the Board to be used for one-time expenditures. The county maintains a fiscal reserve in the committed portion of fund balance equal to no less than 10% of the county and component unit- schools’ General Fund operating revenues. In FY 2025, the fiscal reserve increased by $22.5 million to a total of $340.0 million. In FY 2025, the governmental funds reflected a total fund balance of $2.1 billion. Capital projects reported a fund balance of $901.1 million and debt service $53.5 million. The general fund and capital projects fund balance increased by $60.5 million and $109.7 million respectively, and debt service increased $12.6 million from the prior fiscal year.
Governmental fund balances are listed in five categories: • Non-Spendable: funds that cannot be spent because they are not in spendable form or are required legally or contractually to remain intact, such as prepaid items and notes and loans receivable • Restricted: funds to be used only for a specific purpose based on constraints placed on the funds by external parties, legislation, or constitutional provision.
Governmental Funds Financial Analysis of Fund Balance Fiscal Year 2025
General
Capital Projects
Debt Service
Non-Major Governmental
Total
Non-Spendable Restricted Committed Assigned Unassigned Total Fund Balances
$1,472,923 - 494,521,802 87,244,876 194,392,805 $777,632,406
$ - 292,142,257 493,318,540 115,598,140 - $901,058,937
$- - - 53,533,987 - $53,533,987
$509,904 287,004,551 42,840,794 36,741,066 - $367,096,315
$1,982,827 579,146,808 1,030,681,136
293,118,069 194,392,805 $2,099,321,645
FY 2024 Total Fund Balances FY 2024 to FY2025 Comparison
$791,341,298
$40,981,606
$305,156,579
$1,854,586,190
$717,106,707
$109,717,639
$12,552,381
$61,939,737
$244,735,456
$60,525,699
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