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Fund Balance <br />Page 2 <br />October 14, 2011 <br />Those committees together successfully restricted spending by departments to allow us <br />to accumulate most of the June 30 carryover balance. Other factors contributing to the <br />fund balance were some revenues that were higher than expected, including charges to <br />federal grants; and the unappropriated fund balance from the prior fiscal year. <br />This fund balance will be critically important in meeting next year's budgetary needs. <br />Balancing the fiscal year 2012 -13 budget will continue to be challenging given the current <br />economic climate. <br />Should you have any questions regarding this information please contact me or Deanna <br />Sako, Deputy Director. <br />Nancy CFawford <br />Director of Finance <br />