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ITEM #10BMEMORANDUM
TO:
FROM:
DATE:
SUBJECT:Beverly R. Cameron, City Manager
Deidre Jet, Budget Manager
May 2, 2016,
Appropriating FY 2016 Fund Balance for the Relocation and
Storage of the Fredericksburg
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What is appropriating fy fund balance?
Appropriating fy fund balance refers to allocating or spending funds from a fiscal year's ending balance.
Who is required to file appropriating fy fund balance?
Government agencies, departments, or organizations that are responsible for managing public funds typically file appropriating fy fund balance.
How to fill out appropriating fy fund balance?
To fill out an appropriating fy fund balance form, one must include details on the amount of funds being allocated, the purpose of the appropriation, and any relevant budget codes.
What is the purpose of appropriating fy fund balance?
The purpose of appropriating fy fund balance is to utilize surplus funds from a previous fiscal year for specific projects, programs, or expenses in the current fiscal year.
What information must be reported on appropriating fy fund balance?
Information required on an appropriating fy fund balance report may include the amount of funds being appropriated, the reason for the appropriation, and any restrictions or limitations on the use of the funds.
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