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LessonSense's General Education Glossary

General Fund

Accounting term used by local educational agencies to differentiate general revenues and expenditures from those placed in separate funds for specific uses, such as a Cafeteria Fund. The General Fund is used to account for the ordinary operations of a local educational agency. All transactions except those required or permitted by law to be in another fund are accounted for in the General Fund.

 

 

 

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