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NOTE 7—FUND BALANCE POLICY AND CLASSIFICATION(CONTINUED) <br /> B. Fund Balance Policy—General Fund <br /> When General Fund actual revenues exceed actual expenditures in a given year,the excess shall be allocated <br /> as follows: <br /> a) Any excess shall be first allocated to "unassigned" fund balance to bring that portion of fund <br /> balance to an amount equal to fifty percent(50%) of the next years adopted operating budget <br /> plus prior-year encumbrances (if any)plus compensated absences. <br /> b) Any excess after complying with fund balance requirements in step "a" shall be allocated to <br /> equipment replacement, park trust, public facilities construction, and public improvement <br /> revolving funds in the following manner: <br /> Thirty percent(30%)to Fund#234 -Equipment Revolving Fund <br /> Thirty percent(30%)to Fund#810—Capital Maintenance Fund(reported in General Fund) <br /> Ten percent(10%)to Fund#412—Public Facilities Construction Fund <br /> Thirty percent(30%)to Fund#400 -Public Improvement Revolving Fund <br /> When General Fund actual expenditures exceed actual revenues in a given year,the deficit shall be treated <br /> as 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 /> Thirty percent(30%)to Fund#234 -Equipment Revolving Fund <br /> Thirty percent(30%)to Fund#810—Capital Maintenance Fund(reported in General Fund) <br /> Ten percent(10%)to Fund#412—Public Facilities Construction Fund <br /> Thirty percent(30%)to Fund#400 -Public Improvement Revolving Fund <br /> At December 31, 2021,the City has met its general fund balance policy goal. <br /> NOTE 8—DEFINED BENEFIT PENSION PLANS SUMMARY <br /> The city has reported the following balances for defined benefit pension plans as detailed further in these <br /> notes: <br /> Deferred Deferred <br /> Net Pension Outflows Inflows Pension <br /> Pension Plans Liabilities of Resources of Resources Expense <br /> PERA—GERF $ 2,634,866 $ 21120,762 $ 2,427,446 $ 138,366 <br /> PERA—PEPFF 118881825 31676,634 41551,583 (5,961) <br /> Total-all pensions $ 41523,691 $ 5,797,396 $ 6,979,029 $ 132,405 <br /> 79 <br />