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CAFR Fund Reconciliation

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CAFR Fund Reconciliation Fund accounting involves breaking the income of the entity intocategories to match the expenses of those projects or departments Thegeneral purpose of this is to restrict the allocation of funds and to holdeach fund responsible for staying on budget This purpose is thwarted however if the financial statements do not include the performance of theindividual funds The reconciliation of the individual funds to thegeneral fund is an aspect of government and not-for-profit accounting thatdoes not exist in the private
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