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Fund balance: General Fund (1001)

General Fund (1001)

Fund balance

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What each category means, and why one can be below zero: What makes up a fund balance?

June 30, 2026, Pre‑Audit

CategoryAmount
Nonspendable$126,027
Prepaid items (bills paid before June 30 for later service)$76,430
Prepaid HRA claims (health reimbursement arrangement)$46,959
Prepaid HCRA claims (health care reimbursement account)$2,482
Prepaid DCRA claims (dependent care reimbursement account)$156
Restricted–
Committed–
Assigned–
Unassigned−$105,961
Total fund balance$20,066

Unassigned is below zero because the prepaid amounts above, which have already been paid out, are more than the whole fund balance. The fund balance itself is not negative. Why unassigned can be below zero

Board policy

The SU Board has not adopted a fund balance policy.

At June 30, 2026 the fund balance of $20,066 was 0.13% of that year's spending: less than one day of operations.

Fund balance as a share of spending, FY22 to FY28

General Fund fund balance as a share of spending Line chart of the General Fund ending fund balance as a share of the year's spending, FY22 to FY28. FY22 actual: 4.88%; FY23 actual: 6.82%; FY24 actual: 6.69%; FY25 actual: 1.65%; FY26 actual: 0.13%; FY27 budget: 0.12%; FY28 budget: 0.12%. 0% 2% 4% 6% 8% FY22 FY23 FY24 FY25 FY26 FY27 FY28 4.88%6.82%6.69%1.65%0.13% Actual, FY22: 4.88% Actual, FY23: 6.82% Actual, FY24: 6.69% Actual, FY25: 1.65% Actual, FY26: 0.13% 0.12%0.12% Budget (planned), FY27: 0.12% Budget (planned), FY28: 0.12% Actual Budget (planned) General Fund fund balance as a share of spending Line chart of the General Fund ending fund balance as a share of the year's spending, FY22 to FY28. FY22 actual: 4.88%; FY23 actual: 6.82%; FY24 actual: 6.69%; FY25 actual: 1.65%; FY26 actual: 0.13%; FY27 budget: 0.12%; FY28 budget: 0.12%. 0% 2% 4% 6% 8% FY22 FY23 FY24 FY25 FY26 FY27 FY28 4.88%6.69%0.13% Actual, FY22: 4.88% Actual, FY23: 6.82% Actual, FY24: 6.69% Actual, FY25: 1.65% Actual, FY26: 0.13% 0.12% Budget (planned), FY27: 0.12% Budget (planned), FY28: 0.12% Actual Budget (planned)
YearEnding fund balanceSpendingShare of spendingWeeks of operations
FY22 actual$495,759$10,156,2894.88%2.5
FY23 actual$733,984$10,762,5546.82%3.5
FY24 actual$785,766$11,737,0196.69%3.5
FY25 actual$234,566$14,179,3061.65%0.9
FY26 actual$20,066$15,986,7330.13%0.1
FY27 budget$20,066$16,484,0900.12%0.1
FY28 budget$20,066$16,676,4720.12%0.1

Fund balance by category, FY22 to FY26

CategoryFY22AuditedFY23AuditedFY24AuditedFY25AuditedFY26Pre‑Audit
Nonspendable$5,245$11,126$7,124$50,875$126,027
Restricted–––––
Committed–––––
Assigned––$238,225––
Unassigned$490,513$722,858$540,419$183,686−$105,961
Total fund balance$495,758$733,984$785,768$234,561$20,066

Sources: ERP year-end balance sheet, June 30, 2026, before the audit, for the categories and the FY26 balance; audited financial statements for FY22 to FY25; FY28 Budgets sheet, WSESU-GF tab, for spending and the planned FY27 and FY28 balances. Weeks of operations = fund balance ÷ (the year's spending ÷ 52).