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Page 5 of 7 used to support projects in future fiscal years. Governmental Funds are based on modified accrual basis of accounting and focus on near-term inflows and outflows of spendable resources. As a result, long-term liabilities such as pension and OPEB obligations are not reported. The City’s Governmental Funds include the General Fund, Special Revenue Funds, and Capital Projects Funds. Except for the General Fund, other funds are restricted for specific purposes and funds cannot be spent for general City operations and essential services such as police and fire services. Of the $167.5 million fund balances, restricted fund balances constitute $89.2 million of the combined governmental fund balance and are constrained for a specific purpose by external parties, constitutional provision, or enabling legislation: for example, low-income housing projects, projects funded by park development fees, and street projects funded by gas tax, and Measure BB funds. Committed fund balances of $9.0 million represent amounts constrained for specific purposes by the City Council (Rainy Day Reserve, Emergency Reserve, Strategic Plan Implementation, Crisis Responses, etc.). Assigned fund balances of $39.3 million represent funds to be used for City-funded capital projects. Unassigned fund balances of $29.4 million consist of amounts that are not classified as non- spendable, restricted, committed, or assigned. Non-spendable fund balances of $0.5 million represent advances to other funds and notes receivable. General Fund - Operating Results and Fund Balances The General Fund is the primary operating fund of the City which accounts for most City services, including public safety, operations services, parks and community services, library, community development, and general government. For ACFR presentation purposes, the Rainy Day Fund is included in the General Fund. The General Fund’s fund balance at fiscal year-end was $57.3 million, of which $29.6 million is unassigned, $18.2 million is restricted for the PARS Section 115 Pension Trust Fund, $9.0 million is committed for the COVID Response and Recovery Program ($0.4 million), the Crisis Response Program ($0.4 million), the Mobile Outreach Vehicle Program ($0.3 million), the Strategic Plan Implementation ($0.8 million), the Emergency Reserve ($0.5 million), and the Rainy Day Reserve ($6.6 million), and $0.5 million is non-spendable. The $57.3 million fund balance is a $5.1 million increase over the fund balance at the end of FY 2021/22. Page 166 of 554