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(1) Beginning fund balance excludes GASB 31 adjustments (unrealized investment <br />gain/loss), pension and retiree health liabilities and long-term debt. <br />(2) The negative fund balance re|ects the estimated future liability for outstanding workers' <br />compensation claims. The negative fund balance will be eliminated over time with <br />increased internal service charges. <br />45Page 326 of 682