Which classification of fund balance would a Permanent Fund be at the end of the fiscal year?

A Permanent Fund is classified as Non-spendable at the end of the fiscal year because its principal cannot be spent. Instead, the earnings generated from the Permanent Fund can be used for specific purposes as defined by law or policy. The primary intent of a Permanent Fund is to preserve the capital while using the income generated from it for funding programs, projects, or other expenditures. This classification reflects that the fund's balance is not available for current spending but is rather preserved for long-term benefit.

Other classifications such as Restricted, Assigned, and Unassigned relate to other types of fund balances that can be spent based on certain constraints or conditions, but Permanent Funds specifically maintain their principal investment, safeguarding it for future generations.