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Balance Sheet Governmental Funds

Balance Sheet Governmental Funds -within governmental funds, equity is reported as fund balance; Governments should establish a formal policy on the level of unrestricted fund balance that should be maintained in the general fund for gaap and budgetary.the reconciliation can be presented on the face of the governmental funds balance sheet and the statement of revenues, expenditures, and changes in the fund balances or as accompanying schedule (a.the fund balance classifications discussed below apply to all governmental funds — general funds, special revenue funds, debt service funds, capital projects funds and permanent funds.fund balance guidelines for the general fund.