Budgetary Basis
The general fund final appropriation appearing on the “Budget and Actual” page of the
fund financial statements represents the final amended budget after all reserve fund
transfers and supplemental appropriations.
Budget/GAAP Reconciliation
The budgetary data for the general fund is based upon accounting principles that differ from
generally accepted accounting principles (GAAP). Therefore, in addition to the GAAP
basis financial statements, the results of operations of the general fund are presented in
accordance with budgetary accounting principles to provide a meaningful comparison to
budgetary data.
The following is a summary of adjustments made to the actual revenues and other sources,
and expenditures and other uses, to conform to the budgetary basis of accounting.
Other Other
Financing Financing
General Fund Revenues Expenditures Sources (Uses)
Revenues/expenditures/transfers
(GAAP Basis) $ 289,500,908 $ 282,769,057 $ 9,435,132 $ (9,016,783)
To record use of fund balance - - 4,750,000 -
Reverse effect of activity
appropriated in prior year - (5,398,622) - 2,937,706
Add end-of-year appropriation
carryforwards to expenditures - 8,545,457 - -
Reclass transfers - 6,557,987 - 6,557,987
Reclass County assessment to
custodial finds 11,993,150 11,993,150 - -
Reverse unbudgeted capital lease - (6,671,814) (6,671,814) -
Reverse unbudgeted refinding
activity - - (1,733,231) 1,733,231
Reverse nonm-budgeted revenues
and expend:tures (capital reserves) (20,729) - 629,611 (3,515,936)
Other - 141,064 - 63,025
Budgetary Basis $ 301,473,329 $ 297,936,279 $ 6,409,698 $ (1,240,770)
54
