POLICY:

It is the policy of the Alpine Fire Protection District that fund balances and their reporting is in compliance with GASB Statement No. 54. This policy establishes the fund balance classifications and hierarchy based on the extent to which the Alpine Fire Protection District is bound to honor constraints on the specific purposes for which amounts in those funds can be spent:

PROCEDURES:

1. GOVERNMENTAL FUND REPORTING TYPES
The fund balance shall be presented in these classifications:

a. NON-SPENDABLE
The non-spendable fund balance classification includes amounts that are not in spendable form, such as:
• Inventory
• Principal of Permanent Fund
• Corpus of an Endowment
• Unclaimed Money Fund
• Long-term receivables not expected to be converted to cash in the near term

b. RESTRICTED
The restricted fund balance classification includes amounts that are constrained for specific purposes by their providers such as grantors,
bondholders and higher levels of government, through constitutional provisions, or by enabling legislation.