What is budgetary fund balance?

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Budgetary fund balance is the amount of available resources that are unspent or not yet allocated. It represents the difference between estimated revenues and planned expenditures in a budget. It is also known as the anticipated change in fund balance resulting from the adoption of the budget. Budgetary fund balance is not assigned or permanent in nature, and it can be appropriated if needed. However, its primary purpose is to serve as a cushion or contingency against unexpected events that might affect the financial plan of an organization.

What Is Budgetary Fund Balance