Question: What is the difference between the terms budgetary fund balance and unreserved fund balance? a. Budgetary fund balance is reserved; unreserved fund balance is not

What is the difference between the terms budgetary fund balance and unreserved fund balance?

a. Budgetary fund balance is reserved; unreserved fund balance is not reserved.

b. Budgetary fund balance is permanent in nature; unreserved fund balance is temporary.

c. Budgetary fund balance is the anticipated change in fund balance as a result of adopting the budget; unreserved fund balance is the actual difference between assets and liabilities.

d. Budgetary fund balance can be appropriated; unreserved fund balance cannot.

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