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City of Mansfield Annual Budget and Service Program Fiscal Year 2025-2026 Table of Contents

loaned or used as part of the bank’s reserves and they are not available for disbursement.)

Undesignated Fund Balance:
encumbered nor reserved, and are therefore available for expenditure once certified as part of free cash.

Unreserved Fund Balance (Surplus Revenue Account): The amount by which cash, accounts receivable, and other assets
exceed liabilities and restricted reserves. It is akin to a "stockholders’ equity" account on a corporate balance sheet. It is not,
however, available for appropriation in full because a portion of the assets listed as "accounts receivable" may be taxes
receivable and uncollected. (See Free Cash)

Valuation (100 Percent): The legal requirement that a community’s assessed value on property must reflect its market, or
full and fair cash value.

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