Government Unreserved General Fund Balance
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True or false? A government's unreserved general fund balance at the year-end is ordinarily indicative of the amount that the government has available for appropriation in future years. Explain and provide an example to support your answer.
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True, the unreserved general fund balance at the year-end is ordinarily indicative of the amount that the government has available for appropriation in future years because the unreserved fund balance is the difference between the total and reserved fund balance (www.nces.ed.gov). There are two parts to the unreserved fund of the general ...
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