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Comparison of the Legally Approved Budget with Actual Results of the General

question 24

True/False

Comparison of the legally approved budget with actual results of the General Fund is not part of required supplementary information in the CAFR.


Definitions:

Creditor's Options

The various legal actions or strategies a creditor may use to collect outstanding debts owed by debtors.

Possession

The state or fact of owning or having control of something.

Public Notice

An announcement conveyed through accessible channels to inform the public about legal actions, government activities, or public interest issues.

Collateral

Property or assets that a borrower offers to a lender as security for a loan, which can be seized if the loan is not repaid according to agreed terms.

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