Your Biz at BBuz

From the State of North Dakota Comprehensive Annual Financial Report for fiscal year ending June 30, 2011.

http://www.nd.gov/fiscal/docs/cafr2011/2011CAFR.pdf

As of the close of fiscal year 2011 the State’s governmental funds reported combined ending fund balances of $5 billion, an increase of $1.2 billion. Of this amount, $86 million is non-spendable, primarily for permanent fund principal. Spendable fund balance consists of $2.4 billion restricted for specific purposes such as transportation, $1.7 billion committed and $124 million assigned for specific functional expenditures such as public safety and regulatory, with the unassigned fund balance making up the remaining amount of $709 million. At the end of the fiscal year, unassigned fund balance for the GeneralFund was $712 million.

The biennium ended with a General Fund balance of $996.8 million. The unassigned fund balance for the General Fund was $712 million.

The actual ending balance of $996.8 million is the highest end-of-biennium balance in North Dakota history, both in nominal terms and as a percent of the appropriated budget. The chart on the previous page shows the history of end-of-biennium general fund balances.