5.05 General Fund Balance (summary)

<p>An important indicator of the financial health of a governmental entity is the level of fund balance it maintains. The fund balance is similar in nature to the savings account that a household would maintain and only use to cover unplanned emergencies. For a governmental entity, the ability to maintain the fund balance in accordance with sound financial policy is critical to the continuation of the delivery of services to citizens during the inevitable ups and downs of the economy.</p><p>This data page provides data for the General Fund Unassigned Fund Balance performance measure.<br />&nbsp;</p><p>The city’s ability to successfully manage the fund balance of the General Fund in accordance with Council-approved financial policy is a strong reflection of the city’s commitment to ensuring long-term financial sustainability. Adherence to the policy demonstrates the city’s willingness to make the necessary budgetary decisions to comply.<br />&nbsp;</p><p>The performance measure dashboard is available at <a target='_blank' href='https://financial-stability-and-vitality-tempegov.hub.arcgis.com/pages/unassigned-fund-balance' rel='nofollow ugc noopener noreferrer'>5.05 Unassigned Fund Balance</a>.<br />&nbsp;</p><p><strong>Additional Information</strong><br />&nbsp;</p><p>Source: Comprehensive Annual Financial Report<br />Contact: Jerry Hart<br />Contact E-Mail: [e-mail]<br />Data Source Type: Tabular<br />Preparation Method: Manually retrieved<br />Publish Frequency: Annually<br />Publish Method: Manual<br /><a target='_blank' href='https://tempe.gitbook.io/data-dictionary/business-and-economy/5.05-general-fund-balance' rel='nofollow ugc noopener noreferrer'>Data Dictionary</a><br />&nbsp;</p>