§ 11.12. Definition of fund balances.

Latest version.

"Fund balances" are defined as any revenue from whatever source derived to the city which is in excess of expenditures and/or encumbered funds for that fiscal year. They do not pertain to types of funds with special purposes or operations.

(Adopted by electorate, 11-2-76; Amendment approved at referendum, 8-25-81; Amendment adopted by electorate, 11-8-88; Amendment adopted by electorate, 11-2-04)

                    
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