The Government Finance Officers Association recommends general-purpose government's have a financial policy to maintain the General Fund's unrestricted fund balance at:

Question

Quizplus · Accepted Answer

Option C states that the government's financial policy should maintain the General Fund's unrestricted fund balance at no less than two months of regular General Fund revenues or expenditures. This option is the most conservative among the choices provided, as it requires a higher level of unrestricted fund balance. It also provides a cushion for unforeseen emergencies, revenue shortfalls or expenditure increases, giving the government greater financial stability and flexibility.

The Government Finance Officers Association Recommends General-Purpose Government's Have a Financial