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What is the fund balance? How would the fund balance compare with a budget at home?

April 26, 2017Balance budget compare fund Home

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What is the fund balance? How would the fund balance compare with a budget at home?

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The fund balance is the funds in the budget that it is not projected to be spent. It is the savings account that helps the district cover unanticipated losses or emergencies. It could be compared to someone making $30,000 a year and having $1,500 in savings.