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GASB 54 Fund Balance Classification Calculator

What does this come to under the current IRS rules?

Nonspendable, restricted, committed, assigned and unassigned fund balance for the general fund or another governmental fund, with deficit handling.

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Your figures
Example figuresIllustrative only. Type over them with your own.
Unassigned fund balance
$2,150,000
Nonspendable
$150,000
Restricted
$600,000
Drawn to one scale
Unassigned fund balance$2,150,000
Nonspendable$150,000
Restricted$600,000
Committed$900,000
Assigned$400,000
Total fund balance (check)$4,200,000
All results
MeasureResult
Unassigned fund balance$2,150,000
Nonspendable$150,000
Restricted$600,000
Committed$900,000
Assigned$400,000
Total fund balance (check)$4,200,000
How this was worked out
Work shownrecomputed as you type
Nonspendable is set first, then restricted, committed and assigned
General fund: unassigned = total - nonspendable - restricted - committed - assigned; an assignment cannot create a deficit in unassigned
Other governmental funds: positive remainder is assigned; a deficit first reduces assigned amounts, then shows as negative unassigned

Illustrative arithmetic on the figures you enter. Check the result against your firm's methodology before relying on it.

The formulas

  • Nonspendable is set first, then restricted, committed and assigned
  • General fund: unassigned = total - nonspendable - restricted - committed - assigned; an assignment cannot create a deficit in unassigned
  • Other governmental funds: positive remainder is assigned; a deficit first reduces assigned amounts, then shows as negative unassigned

How it works

GASB Statement 54 classifies governmental fund balance as nonspendable, restricted, committed, assigned and unassigned. The general fund is the only fund that reports a positive unassigned amount (paragraph 17). In other governmental funds, all remaining amounts that are not nonspendable, restricted or committed are assigned to the purposes of that fund (paragraph 15).

Governments should not report an assignment that would create a deficit in unassigned fund balance (paragraph 15). Where expenditures in another governmental fund exceed the amounts restricted, committed and assigned, amounts assigned to other purposes are reduced first, and any remaining deficit is negative unassigned fund balance (paragraph 19). Absent a policy, committed amounts are treated as spent first, then assigned, then unassigned (paragraph 18).

Illustrative figures only. Check the result against your firm's methodology before relying on it.

Common questions

Can a special revenue fund report positive unassigned fund balance?

No. Only the general fund reports a positive unassigned amount; a positive remainder elsewhere is assigned.

Without a spending policy, which unrestricted amounts are used first?

Paragraph 18: committed amounts are reduced first, then assigned, then unassigned.

Sources

Runs in your browser. The figures you type are not sent to CORAA or stored. Check the result against your firm's methodology before relying on it.

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