The policy of Green Lake County guiding the order of fund balance
spend-down shall be as follows: 1) restricted, 2) committed, 3) assigned.
This order will be used for purposes of reporting fund balance.
[Amended 11-10-2015 by Ord. No. 1128-2015; 4-18-2017 by Ord. No. 7-2017]
A. At fiscal year-end, Green Lake County will maintain a combined minimum
unassigned general fund and capital outlay/capital projects fund reserve
balance of not less than 20% of the actual current year general fund
expenditures, excluding refundable prepayments and GAAP-defined non-spendable,
restricted, committed and assigned (designated) account balances.
[Amended 12-18-2018 by Ord. No.
38-2018]
B. At fiscal year-end, Green Lake County will maintain a minimum unassigned
Health and Human Services (HHS) fund reserve balance of not less than
15% of the actual current year HHS fund expenditures excluding refundable
prepayments and GAAP-defined non-spendable, restricted, committed
and assigned (designated) account balances.
C. In addition, in order to maximize County operations subsidized by
tax levy, the annual Contingency Fund balance shall be designated
as nonlapsing with the following exception provision: If on December
31 of any given fiscal year, the General Fund reserve balance shall
fall below the General Fund Policy amount as established herein, the
December 31 Contingency Fund balance shall lapse to the General Fund,
in its entirety or in an amount as determined by the Finance Committee,
sufficient to bring the General Fund reserve balance into compliance
with this policy.