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6.G. - Pagf Red o od 187 <br />City <br />Notes to the Basic Financial Statements <br />For the fiscal year ended June 30, 2018 <br />NOTE 10 — NET POSITION AND FUND BALANCES (CONTINUED) <br />Pursuant to the authority delegated by City Council, the City Manager determines the amount of <br />assigned fund balances, which includes items such as encumbrances, and constrained amounts when it <br />is the City's intent to use proceeds or collections for a specific purpose, and residual fund balances, if <br />any, of special revenue, capital projects and debt service funds which have not been restricted or <br />committed. <br />Unassigned Fund Balance — is the residual classification for the general fund and includes all amounts <br />not contained in the other classifications. Unassigned amounts are technically available for any purpose. <br />In other governmental funds, if expenditures exceed amounts restricted, committed, or assigned, the <br />negative amount is reflected as negative unassigned fund balance. Within the unassigned fund balance <br />of the general fund, the City Council has established a minimum balance representing a level not less <br />than 15% of the following fiscal year's budgeted general fund revenues. <br />In circumstances when an expenditure is made for a purpose for which amounts are available in <br />multiple fund balance classifications, fund balance is generally depleted in the order of restricted, <br />committed, assigned, and unassigned. <br />C. Deficit Fund Equity/Net Position <br />The Successor Agency private purpose trust fund had negative net position of $14,930,686 due to long- <br />term debt outstanding for bonds used to finance various downtown improvements. <br />The planning cost recovery fund had a negative fund balance of $3,022. <br />The internal services fund had a negative net position of $16,466,246 due to the net pension liability. <br />The docktown marina fund had a negative net position of $4,731,453 due to the costs associated with <br />the Docktown Marina relocation plan. <br />NOTE 11 - FUNDS WITH EXPENDITURES EXCEEDING APPROPRIATIONS <br />Leisure, cultural and information services expenditures exceeded appropriations in the Redwood Shores <br />Landscape Maintenance Fund. <br />83 289 <br />