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21 <br />• <br />• <br />FUND BALANCE -CURRENT STANDARD <br />What is Fund Balance? <br />^ Fund Balance is the difference of <br />Assets -Liabilities. <br />^ Additionally, Fund Balance <br />represents the net worth of the <br />County at one point in time.. <br />FUND BALANCE CUR~tENTSTANDARD <br />~.3 , 2. _ <br />-How do we currently allocate Fund Balance? <br />Reserved - <br />Reserve by State Statute <br />Reserve for encumbrances <br />Unreserved <br />Designated -Reserved for future <br />expenditures <br />Undesignated -Unrestricted Fund Balance <br />• ~ <br />