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GASB Concepts Statement No. 1
A framework provided by the Governmental Accounting Standards Board outlining objectives and concepts for general purpose external financial reporting by state and local governments.
Fund Balance Categories
Classification of fund balances in governmental accounting that indicates the extent to which spendable resources are subject to external restrictions or are designated for specific purposes.
GASB
The Governmental Accounting Standards Board, which establishes accounting standards for state and local governments in the United States.
Monetary Transfers
Financial transactions that involve the movement of money from one party to another, which can be domestic or international in nature.
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