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.
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.