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2023

General Fund balance

Status Indicators:
Proceeding as Planned
 Monitoring Progress
Reviewing for Improvement
Information Unavailable

Status Indicators: Proceeding as Planned |  Monitoring Progress | Reviewing for Improvement | Information Unavailable

The fund balance in the General Fund provides a measure of the financial resources available for future spending or appropriations to support unanticipated events, such as natural disaster, that would affect the financial condition of the City or jeopardize the continuation of necessary services, such as emergency repairs to City infrastructure. 

The City's fund balance policy requires a minimum available unrestricted fund balance for the General Fund of two months of operating expenditures, or 16.7% of the General Fund Budget including required transfers. In order to put the City into a favorable position to issue General Obligation Bonds, the target for the General Fund Balance has been increased to include another month of operating expenditures above our minimum policy, or 25% of the General Fund Budget. 

In order to put the City into a favorable position to issue General Obligation Bonds, the target for the General Fund Balance has been increased to include another month of operating expenditures above our 16.7% minimum policy, to 25% of the General Fund Budget.

FY 2022 data has been updated following the finalization of FY 2022 year-end financial data as a part of the year-end audit process.

The FY 2023 reported value is an estimate as FY 2023 year-end financial data is being finalized as a part of the year-end audit process.

The City's annually adopted budgets. The City's annual budgets can be found here: https://www.fortlauderdale.gov...


City of Fort Lauderdale
100 North Andrews Avenue | Fort Lauderdale, FL 33301
www.fortlauderdale.gov

Office of Management and Budget
Division of Structural Innovation
Contact: [email protected]

City of Fort Lauderdale
100 North Andrews Avenue | Fort Lauderdale, FL 33301
www.fortlauderdale.gov

Office of Management and Budget
Division of Structural Innovation
Contact: [email protected]