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    Reserved Funds In A Government's General Fund

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    Why would a general fund have a portion of its fund balance reserved? How is this portion different from other money in the fund?

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    When I think of a general fund and a fund balance I think of the difference between the funds assets and liabilities. Therefore it is the portion of the general fund available for other fiscal ...

    Solution Summary

    This 195 word solution provides a brief explanation on fund balances in a general fund, whether a portion of this balance is reserved, and whether this portion is different from other money in the fund.