Hello, Ignorance is bliss for only a short time... In my past budgets, when a major budgeted expenditure has not be completed by year end, I have carried the remaining amount to be expended into the next year, and designated a related portion of the current years excess revenue as "Designated Fund Balance", which ties to the notes in the annual financial statements. Looking through the Award Winning Budgets, I don't see anything about encumbrances. My question: Is there a proper procedure for reporting encumbrances in the budget process and in the annual financial report? Assistance from you that know is ALWAYS appreciated. Roger Carroll Town of Loomis [EMAIL PROTECTED]
