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NOTES TO THE FINANCIAL STATEMENTS (Continued) Reserved for Land-Held for Resale. This account sets aside a portion of fund balance representing the carrying value of land which is not available to meet current expenditures. Reserved for Deposits and Other Receivables. This account sets aside a portion of fund balance representing assets under those captions that are not available to meet current expenditures. Designated for Authorized Projects. This account sets aside tentative amounts to be expended in future years on capital projects. Such projects can include those authorized in prior years and projects authorized in subsequent year's budget. Designated for Subsequent Year's Expenditures. This represents the amount of fund balance nececcary to balance the subsequent year's budget. Designated for Contingencies. This amount is set aside for general contingencies. As explained in Note 1E, with the passage of the Gann Spending Limitation Constitutional Amendment, the City Council passed a resolution appropriating all revenues which constitute proceeds of taxes, to the extent that they exceed expenditures thereof, to "Excess Proceeds of Taxes Reserve Fund," such appropriation constitutes appropriation subject to limitation in the fiscal year therein ended. Appropriation of funds from this reserve may be expended in subsequent years in the same manner as any other resources, but such appropriations are not subject to that fiscal year's limitation. At June 30, 1993, appropriation to this fund was zero. 3L. Reconciliation of Budgetary and GAAP"Excess(Deficiency) of Revenues and Other Financing Sources Over Expenditures and Other Uses." The following table reconciles the basis, timing, and entity differences between budgetary basis and generally accepted accounting principles basis reporting for the General Fund and Special Revenue Funds: Special General Fund Revenue Funds Deficiency of revenues and other financing sources over expenditures and other uses - budgetary basis $ ( 34,289,448) $ (1,411,193) Adjustments: Encumbrances 11,358,041 467,487 Increase in accrued expenditures (3,703,791) (681,188) Project-length budgets 2,908,629 710,807 Non-budgeted funds 2.836.210 Deficiency of revenues and other financing sources over expenditures and other uses - (GAAP basis) $ (20,890,359) $ ( 914.087)