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Fund balance and affect

1. What is a fund balance?

2. What can affect a fund balance?

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Some definitions of fund balance are:

The unencumbered cash remaining in a fund at the end of a specified time period, usually the end of the fiscal year.

source: www.michigan.gov/budget/0,1607,7-157-11460_11541---,00.html

"Fund balance" means the total assets in excess of total liabilities, except that assets pledged to secure debts not ...

Solution Summary

What is a fund balance?

$2.19