Final answer:
In financial reporting, funds not separately reported are aggregated under the 'General Funds' label to provide clarity on the organization's finances.
Step-by-step explanation:
When preparing financial reports, any funds not reported separately are aggregated and reported in a single column under the label General Funds. This includes resources that are not restricted by external donors or grantors and which can be utilized for any purpose determined by the governing body of the organization. This is common practice in financial reporting to ensure clarity and provide a comprehensive view of an organization's financial status, particularly in public accounting and the management of nonprofit organizations.