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NOTE 6 —FUND BALANCE POLICY AND CLASSIFICATION (CONTINUED) <br />When actual expenditures exceed actual revenues in a given year, the deficit shall be treated as <br />follows: <br />a) "Unassigned" fund balance shall first be adjusted to an amount equal to fifty percent (50 %) of <br />the next years adopted operating budget plus prior year encumbrances (if any) plus <br />compensated absences. <br />b) If shortage after complying with fund balance requirement in step "a" shall draw funds in the <br />following manner: <br />Ten percent (10 %) to Fund #234 - Equipment Revolving Fund <br />Ten percent (10 %) to Fund #810 — Park Maintenance Fund (reported in General Fund) <br />Forty percent (40 %) to Fund #412 — Public Facilities Construction Fund <br />Forty percent (40 %) to Fund #400 - Public Improvement Revolving Fund <br />At December 31, 2011, the city fund has met its general fund balance policy. <br />78 <br />