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5 <br />• <br />r~ <br />u <br />FUND ~/~LANC~ - CU~RE~VT~~iQ~IpARD <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 />~~J~ND BsALANCE - CURI~ENTSTANDARD <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 />