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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

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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 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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