Biennial Budget 2 0 0 9 - 2 0 1 0 - Cobb County Government

The Bottom Line
Justice Assistance Grant Program
FUND BALANCE SUMMARY
The following table is a five-year presentation of beginning and ending fund balances.
Revenues and expenditures are not separated by category since that information is
presented earlier in the JAG Revenue & Expenditure Summary.
FY 06
Actual
FY 07
Actual
FY 08
Adopted
FY 09
Adopted
FY 10
Proposed
Beginning Balance $0 $0 $0 $0 $0
Revenues $94,596 $61,372 $154,076 $55,139 $55,139
Expenditures $94,596 $61,372 $154,076 $55,139 $55,139
Ending Balance $0 $0 $0 $0 $0
Designated/Reserved $0 $0 $0 $0 $0
Undesignated $0 $0 $0 $0 $0
*Actual fund balance information for this fund is not available at this time. Instead,
the table estimates that the fund’s revenues will equal the actual expenditures.
BUDGET BASIS
Budgets for governmental fund types are adopted on the modified accrual basis.
Under the modified accrual basis of accounting, revenues are recognized when they
become both measurable and available. Measurable means the amount of the
transaction can be determined. Available means collectible within the current period
or soon enough thereafter to be used to pay liabilities of the current period.
The Comprehensive Annual Financial Report (CAFR) reports the status of the
county’s finances on the basis of “Generally Accepted Accounting Principles”
(GAAP). This conforms to the way the county prepares its budget with one exception.
In the CAFR, fund balance is reserved to cover outstanding encumbrances at fiscal
year-end. For budgetary purposes, however, these encumbrances are treated as
budgeted expenditures for the next fiscal year.
FY 09/10 BIENNIAL BUDGET
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