Legal Documents of Rocky Top

Code of Rocky Top

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 8 Fund Balance Policy » § 5-804 Order of use of restricted and unrestricted funds.
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Title 5
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Title 5, Chapter 1
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§ 5-101
Rocky Top
Title 5 : Municipal Finance and Taxation
Chapter 8 : Fund Balance Policy

5-804 : Order of use of restricted and unrestricted funds.

When both restricted and unrestricted funds are available for expenditure, restricted funds should be spent first unless legal requirements disallow it.

When committed, assigned and unassigned funds are available for expenditure, committed funds should be spent first, assigned funds second, and unassigned funds last. (Ord. #470, Feb. 2012)