Fund Balance

Fund Balance

On a financial statement, the reporting of an organization's net assets (that is, the extent to which assets exceed liabilities).
References in periodicals archive ?
Myth 1: The general fund balance is the same as the available cash balance.
5 million in tobacco settlement revenue for the county's general fund balance, which officials hope will be $15 million at the end of the fiscal year.
At present, the statement of revenues, expenditures and changes in fund balance budgeted and actual--(one of the general purpose financial statements) compares budgeted and actual results.
Accountants use the term fund balance to describe the arithmetic difference between the assets and liabilities reported in a governmental fund (e.
The district's financial operations have been strong, enabling it to add to the fund balance in the five fiscal years prior to fiscal 2006.
Conservative budgeting of some of its more economically sensitive revenues and transferring excess fund balance to capital and disaster recovery funds further help the county insulate its financial operations from the volatility inherent in its risks.
8 million net surplus, the district reported an unrestricted general fund balance of $12.
While unexpected expenditures resulted in the general fund balance declining below the village's stated policy of 25% of expenditures in fiscal 2006, Fitch believes that recently enacted revenue enhancements should restore the general fund balance to 25% over the next two fiscal years.
The city council strengthened its fund balance policy a few years ago, increasing its goal for maintaining an undesignated general fund balance to 7% of budgeted general fund expenditures and transfers out, up from 5%, and remains committed to this level.
The 'BBB-' rating reflects the Lake of the Ozarks Community Bridge's (the bridge) small but growing base of traffic, the substantial liquidity of the corporation's general fund balance, and the corporation's level debt service profile beginning in fiscal 2007.
The Outlook revision to Stable from Negative is based on the county's improved financial performance characterized by 3 consecutive years of positive operations in the general fund and the resulting strengthening of the fund balance position.