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6.1.G. - Page 12 <br /> resources reported in governmental funds." At the highest level, this new k�ierarchy differentiates <br /> aznounts that are spenduble vs. nonspendable (su�h as inventories). Subcategories defined <br /> include restricted, committed, assigned and unassigned funds. See Attachm�ent 3 for GASB <br /> definitions. <br /> As no �ara Matea Coiinty cities implemented GASB 54 standards early {San Ma�teo County did), <br /> the Grand Jury applied the prior GASB 34 terminalogy li5ted above and recognized that somE <br /> cities may consider some of their urarestricted or designated funds as restricted or reserved even <br /> when that legally may not be the case. <br /> The Grand Jury looked at Unreserved General Fund Balance leveIs for each city from 2005-201Q <br /> for trends. ,Steadi�y and significant�y declining Unreserved General Fund Balanees couid sugg�st <br /> these cities or the County were utilizing those reserves to meet short-te� operational needs <br /> instead of being mora aggressive about aligning costs in line with projected revenues. <br /> The Grand Jury then �'ocused on 2007-2010 data to capture trends reflectiva of acti�ns taken to <br /> mitigate the impacts o� tk�e recent recessian, by illustrating the extent to which the c'rties az�d the <br /> Counfiy opted to draw down reserves, Results are shawn in Chart 2 on the next page. <br /> 7 <br />