$200,000 of unencumbered funds to be used for government operations in the future from the General Fund is an example of an unassigned fund balance.

Question

Quizplus · Accepted Answer

Unassigned fund balance is the residual category for the General Fund. Unencumbered funds would not fall under the are nonspendable, restricted, committed or assigned categories and would, therefore, be categorized as unassigned.

$200,000 of Unencumbered Funds to Be Used for Government Operations