Fund Balance

On a financial statement, the reporting of an organization's net assets (that is, the extent to which assets exceed liabilities).

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The results from the fund balance survey questions are presented in this article.

Using unassigned funds to balance the budget: in its most recent State of Local Government Fiscal Conditions research survey, The institute for Public Service looked more closely at how fund balances are used in addressing budget issues

Myth 1: The general fund balance is the same as the available cash balance.

Dispel the myths on general fund balance for local governments

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.

TOBACCO TO BAIL OUT AREA FUNDS TO BALANCE COUNTY BUDGET

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.

How GASB 11 will affect municipal governments' financial reporting

Accountants use the term fund balance to describe the arithmetic difference between the assets and liabilities reported in a governmental fund (e.

Fund balance: new and improved

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.

Fitch Rates Clark County School District, Nevada $558MM 2007A GOs 'AA'

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.

Fitch Rates Dare County, North Carolina's $18.3MM COPs 'A+'; Affirms GOs at 'AA-'

8 million net surplus, the district reported an unrestricted general fund balance of $12.

Fitch Rates Hays CISD, Texas School Bldg Bonds 'AAA' PSF/'A' Underlying

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.

Fitch Rates Hinsdale, Illinois's $3MM GOs 'AAA'

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.

Fitch Rates Richmond, Virginia's $65MM GO RANs 'F1+'

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.

Fitch Revises Lake Ozarks Bridge (MO) Outlook to Stable; Affirms Toll Bonds at 'BBB-'

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.

Fitch Revises Outlook on Beaufort County, S. Carolina to Stable from Negative; $17.5MM GOs 'AA-'