California Government Code

§ 13307

GOV § 13307 Effective Sep 24, 1990Div. 3 · Title 2 · Part 3 · Ch. 3 · Art. 1

Statute text

In determining whether the General Fund budget, in any given fiscal year, is in a surplus or deficit condition, the controlling factor shall be the fund balance which is the difference between total resources and total expenditures. In determining the fund balance, the following principles shall be applied:

(a)Encumbrances, which are any valid obligation for the delivery of goods or services, should not be counted as a budgetary expenditure until the delivery of the goods or services.

(b)The unencumbered balances of appropriations, which exist when no commitment for an expenditure is made, should be an item of disclosure, but the amount should not be deducted from the fund balance.

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Legislative history

Added by Stats. 1990, Ch. 1238, Sec. 2. Effective September 24, 1990.