Page 96 - CityofBurlesonFY26Budget

approved fund balance appropriations) will equal or exceed current operating
expenditures.

Deferrals, short-term loans, or one-time sources will be avoided as budget
balancing techniques. Reserves will be used only for emergencies or non-recurring
expenditures, except when balances can be reduced because their levels exceed
guideline minimums.

B. OPERATING RESERVES/FUND BALANCES

1) Governmental funds of the City of Burleson shall be defined as follows:

1) General Fund. The general fund should be used to account for and
report all financial resources not accounted for and reported in
another fund.

2) Special Revenue Funds. Special revenue funds are used to account for
and report the proceeds of specific revenue sources that are restricted
or committed to expenditure for specified purposes other than debt
service or capital projects. The restricted or committed proceeds of
specific revenue sources should be expected to continue to comprise a
substantial portion of the inflows reported in the fund. Other resources
(investment earnings and transfers from other funds, for example) also
may be reported in the fund if those resources are restricted, omitted,
or assigned to the specified purpose of the fund. Governments should
discontinue reporting a special revenue fund and instead report the
fund's remaining resources in the general fund, if the government no
longer expects that a substantial portion of the inflows will derive from
restricted or committed revenue sources.

3) Capital Projects Funds. Capital projects funds are used to account for
and report financial resources that are restricted, committed, or
assigned to expenditure for capital outlays, including the acquisition or
construction of capital facilities and other capital assets. Capital
projects funds exclude those types of capital-related outflows financed
by proprietary funds or for assets that will be held in trust for
individuals, private organizations, or other governments.

4) Debt Service Funds. Debt service funds are used to account for and
report financial resources that are restricted, committed, or assigned
to expenditure for principal and interest, even if it is being accumulated
for future years' payments. Debt service funds should be used to report
resources if legally mandated.

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