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Page 12/13 7:06amREPORT OF THE SECRETARY TO THE BOARD OF EDUCATION Collinsville Board of Education General Fund 10 Interim Balance Sheet For 5-Month Period Ending 11/30/2018 ASSETS AND RESOURCES A
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A general fund is a type of fund used by a government or organization to account for all financial resources that are not specifically restricted for a particular purpose. It is typically used to finance the basic operations and services of the governmental body.
Entities such as local governments, school districts, and other public organizations that operate under a general fund are required to file general fund - fund reports to maintain transparency and accountability in their financial management.
To fill out a general fund - fund, you typically need to gather relevant financial data, report income and expenditures, and accurately categorize funds. Following the specific guidelines provided by the governing financial authority is essential for proper completion.
The purpose of a general fund is to provide a flexible financial resource for a governmental unit to support a wide range of activities and obligations without being constrained to specific funding restrictions.
Key information that must be reported on a general fund - fund includes total revenues, expenditures, fund balances, sources of revenue, and any transfers within the fund.
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