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o Assigned Fund Balance — fund balance that is earmarked for an intended use at either the highest level of decision making or by a body or an official designated for that purpose. o Unassigned Fund Balance — all fund balances that are left after considering the other four categories. Use is the least restricted in this category of fund balance. o Unrestricted Fund Balance — a category of fund balance that comprises committed fund balance, assigned fund balance, and unassigned fund balance. Unrestricted fund balance is, therefore, unconstrained or the constraints are self- imposed, so they could be lifted in order to make fund balances available for other purposes • General Fund Operating Expenditures — as used in the financial indicators, this term refers to total General Fund expenditures, Tess non - recurring interfund transfers -out. • General Fund Operating Revenue — as used in the financial indicators, this term refers to total General Fund revenue, less other financing sources (such as sales of assets) and interfund transfers -in. • General Fund Recurring Expenditures — as used in the financial indicators, this term refers to total General Fund expenditures, Tess non - recurring interfund transfers -out. • General Fund Recurring Revenue — as used in the financial indicators, this term refers to total General Fund revenue, less non - recurring building - related revenue, non - recurring and non - operational grants, other financing sources, and interfund transfers -in. • General Fund Sales Tax Revenue — as used in the financial indicators, this term refers to total sales tax revenue less any sales tax rebates due to Business Assistance Packages. • General Obligation Bonds — bonds backed by the "full faith and credit" of the City. Bondholders have the authority to compel the City to use its taxing power, or to use other revenue sources, to generate the revenue necessary to repay the bonds General obligation bonds are subject to the City's debt limitation and voter approval is required. • Liquidity — refers to the ease in which an asset can be converted into cash without a substantial loss of value. • Modified Accrual Basis of Accounting — under this basis of accounting, revenue is recognized when it become both measurable and available. Measurable means the amount of the transaction can be determined and available means collectible within the current period or soon enough thereafter to be used to pay liabilities of the current period. Expenditures are recognized when they are expected to draw on current spendable resources. • Negotiated Bond Sale — the City selects the underwriter in advance of the bond sale. The Financial Advisor and City staff work with the underwriter to bring the issue to the market and negotiate all rates and terms of the sale.