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1/2/2025 <br />3 <br />Resources Guiding Budget Format <br />and Components <br />5 <br />•Government Finance Officers Association (GFOA) <br />A resource, an educator, a facilitator, and an advocate for members — <br />23,000+ finance professionals <br />•Governmental Accounting Standards Board (GASB) <br />An independent organization that establishes accounting and financial <br />reporting standards <br />•State – California Constitution and Government Codes <br />Budgeting by Fund <br />6 <br />•A Fund is a self-balancing set of accounts used to track financial <br />transactions and activities, including revenues and expenses (ex. Housing <br />Fund) <br />•The City has 90+ funds —provides transparency and accountability <br />•The City Fund types include: <br />-General Fund <br />-Special Revenue Funds <br />-Capital Projects Funds <br />-Enterprise Funds <br />-Internal Service Funds <br />-Others: debt service, trust, and agency <br />5 <br />6 <br />Page 87 of 109