RES 90059 - Laserfiche WebLink

Financial Statements The accounting policies of the City of Pleasanton conform to generally accepted accounting principles as applicable to governments. Accounts of the City are organized on the basis of funds and account groups, each of which is considered a separate accounting entity. Operations of each fund are accounted for with a separate set of self-balancing accounts. The various funds are grouped into broad catelgories, as follows: Governmental Funds (General, Special Revenue, Debt Service and Capital Projects), Proprietary Funds (Enterprise, Internal Service), and Fiduciary Funds (Trust and Agency). All Governmental Funds and expendable Trust funds are accounted for using the modified accrual basis of accounting. All Proprietary Funds are accounted for using the accrual basis of accounting. The General Fund is the general operating fund of the City. It is used to account for all financial resources except those to be accounted for in another fund. Revenues and expenditures in the City's General Fund for the years ended June 30, 1987 and June 30, 1988 are shown in Table C-5. Taxes are the City's major source of revenues. In 1988 taxes comprised 67 percent of all Cit}t revenues, followed by subventions and grants (9.2 percent) and permits (6.6 percent). Pubhc safety comprised the major use of General Fund monies, accounting for over 46 percent of all General Fund expenses in 1988. Table C-6 shows the City of Pleasanton General Fund Balance Sheet as of June 30, 1987 and June 30, 1988.