Orange County NC Website
14 <br />Governmental Fund <br />Type <br />Definitions <br />GENERAL FUND <br />Current Definition: The general fund is used <br />to account for all financial resources except <br />those required to be accounted for in another <br />fund. <br />GASB 54 Definition: The general fund is <br />used to account for and report all financial <br />resources not accounted for and reported <br />in another fund. <br />• <br />r~ <br />• <br />