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How is the ending fund balance related to the contingencies?

April 26, 2017Balance contingencies ending fund

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How is the ending fund balance related to the contingencies?

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The ending fund balance is composed of three possible components, 1. Designated Contingencies2. Remaining Undesignated contingency3. Unappropriated Ending Fund Balance. Unappropriated Ending Fund balance cannot be spent. The college elects to appropriate all resources as either expenditures or contingencies.