Why would a general fund have a portion of its fund balance reserved? How is this portion different from other money in the fund?© BrainMass Inc. brainmass.com June 4, 2020, 4:34 am ad1c9bdddf
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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 ...
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.