Fund Balance May Be Assigned When

question 15

Multiple Choice

Fund balance may be assigned when

• A) Management determines that a portion of unassigned fund balance should be set aside for the construction of a new fire station.
• B) The city council passes an ordinance to set aside a portion of unassigned fund balance for construction of a new fire station.
• C) Management believes that a portion of restricted fund balance should be set aside for the construction of a new fire station.
• D) Management determines it needs a predetermined amount of materials and supplies inventory at the end of each year.

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Definitions:

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