Redondo Beach City Council
December 19, 2023

General Fund Constraints
Attachment 1
General Fund Constraints in Accordance with GASB 54
Fiscal Year 2022-23
Estimated Available Fund Balance 6/30/23 -
Before Constraints $25,311,149
Non-spendable Items
Prepaid Costs -148,160
Notes and Loans -21,839
Total Non-spendable Items -169,998
Committed Items
Policy-Designated Contingency
(8.33% of FY 2022-23 Adopted Budget) -8,599,208
Total Committed Items -8,599,208
Balance after Mandatory Designations/ Transfers 16,541,943 Assigned Items
Staff Recommended Assigned Items
Encumbrances -2,029,853
Petty Cash -12,800
Compensated Absences -785,832
Assigned for Future Years -8,691,279
Carryover Assignments -4,732,775
Total Assigned Items -16,252,539
Remaining Available Unassigned Fund Balance $289,404