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Calculate budgetary cushion Assume the following information was derived from the fund financial statements prepared by the city of Tallahassee, Florida for the fiscal
Calculate budgetary cushion Assume the following information was derived from the fund financial statements prepared by the city of Tallahassee, Florida for the fiscal year ended September 30, 2019: City of Tallahassee General Fund Balance Sheet (in thousands) Assets: Cash and cash equivalents $8,680 Due from other governments 0 All other assets 39,270 Total assets $47,950 Liabilities: Total current liabilities $39,505 Fund balance: Nonspendable 3,051 0 Committed Assigned 0
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