Match the Following Fund Balance Descriptions for a General Fund

question 14

Essay

Match the following fund balance descriptions for a General Fund with the proper classification for a fund balance.Each classification may be used more than once.
A.Nonspendable Fund Balance
B.Restricted Fund Balance
C.Committed Fund Balance
D.Assigned Fund Balance
E.Unassigned Fund Balance
________ 1.Amounts can only be spent for the specific purposes determined by a formal action of the government's highest level of decision-making authority.
________ 2.Amounts can only be spent for the specific purposes stipulated by constitution,external resource provider or enabling legislation.
________ 3.Residual classification of funds for the General Fund.
________ 4.Dollar amount of Ending Inventory.
________ 5.Amounts intended to be used by the government for specific purposes but do not meet the criteria of restricted or committed.
________ 6.Dollar amount of endowment principal.

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Definitions:

Soiled Dressings

Bandages or materials that have been used to cover wounds and have become dirty or contaminated with bodily fluids and need to be changed to prevent infection.

Contaminated

Refers to objects or areas that have been infected with pathogens or polluted with hazardous substances.

Wound Treatment

Medical management and care strategies applied to injuries involving breaks in the skin or underlying tissues to promote healing and prevent infection.

Granulation

The formation of new, fibrous tissue during the healing process of a wound, which is indicative of healing.