A government strives to maintain a positive fund balance, defined as:
A) unassigned fund balance / total operating revenues
B) positive net change in fund balance
C) strong economic forecast
D) fully funded pension obligations

Question

Quizplus · Accepted Answer

A positive fund balance is often measured by the ratio of unassigned fund balance to total operating revenues, indicating financial health and flexibility.

A Government Strives to Maintain a Positive Fund Balance, Defined