Calculate budgetary cushion The following information is derived from the financial statements prepared by the city of Tallahassee, Florida for the fiscal year ended September 30, 2016. the data is for the General Fund, condensed to reduce the number of captions (but not the totals), and is expressed in thousands of dollars. Balance Sheet Assets Cash and cash equivalents Due from other governments All other assets Total assets Liabilities and Fund Balance Total liabilities $36,308 10,504 2,041 $48,853 $13,066 Fund balance Nonspendable 1,513 Committed 25,251 Assigned 2,479 Unassigned 6,544 Total fund balance 35,787 Total liabilities and fund balance $48,853 Statement of Revenues, Expenditures, and Changes in Fund Balances Total revenues $111,484 Total expenditures 137.936 Excess of revenues over (under) expenditures (26,452) Other financing sources (uses) Transfers in 46.532 Transfers out (19.412) Proceeds from sale of capital assets 5,370 Total other financing sources (uses) 32.490 Net change in fund balance 6,038 Fund balance, October 1,2015 Fund balance, September 30, 2016 $35,787 29.749 Calculate the city of Tallahassee's budgetary cushion. When making the calculation, consider the fact that a note to Tallahassee's financial statements reads as follows: "Fund Balance: The City Commission has established an emergency reserve policy and fund, referred to as the Deficiencies Fund, in order to meet unforeseen expenditures. The target amount per the policy is a maximum level of two (2) months of general government operating expenditures of the ensuing year's operating budget. Use of the Deficiencies fund requires approval by the City Commission. The Deficiencies Fund is contained as a separate sub-fund within the General Fund and the balance is classified as committed fund balance within the General Fund". Information in the CAFR shows that the amount of the Deficiencies Fund is $24,982 thousand. Also note that, the amount of the transfers in, although it appears to be large, consists entirely of recurring items. Round answer to one decimal place (ex: 0.2345=23.596) 0 96