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 ?
Second, the local government manager needs to comprehensively review historical data concerning fund balance publicly.
Powell said the Bank Insurance Fund's statutory reserve ratio of the fund balance to insured deposits has declined from 1.32 percent to 1.26 percent as of June.
GAO agreed to assist Congress in evaluating the extent to which the Schedules of Receipts, Disbursements, and Fund Balance for five Interparliamentary Groups appropriately reflect the actual cash receipts and disbursements and related fund balances for the years ended December 31, 2002, and 2001.
Bolstered by lucrative deals with equipment companies and shielded from public oversight, OHSAA's--$5 million fund balance makes it the richest state association of its kind and it sends more delegates to national conferences than any other state.
($ Expressed in Thousands) Year Ended June 30, 1999 Member dues, net of affiliated refunds $355 $3,014 Other revenues Membership list rental 116 Subscriptions 412 Advertising 157 Conventions and conferences 1,755 Publications 1,222 Rent 65 Contracts 3,075 Other products and services 168 Interest income 43 Miscellaneous 193 7,206 Total revenue 10,220 Expenses Contract, selling, general, and administrative costs 9,971 Total expenses 9,971 Excess of revenue over expenses before income taxes 249 Income tax expense 52 Excess of revenue over expenses 197 Fund balance, beginning of year (10) Fund balance, end of year $187
The foundation has a current fund balance of nearly $225,000.
Roth IRA No Estate Tax, RMD or Four-Year Spread Traditional IRA Ending IRA Ending IRA and outside Taxes Net to and outside Year fund balance on IRA family fund balance 1997 $750,000 $(140,000) $610,000 $750,000 1998 820,000 (154,000) 666,000 806,000 2003 1,282,499 (248,019) 1,034,481 1,034,481 2008 2,009,468 (399,436) 1,610,032 1,610,032 2013 3,153,972 (643,296) 2,510,676 2,510,676 2018 4,958,583 (1,036,035) 3,922,548 3,922,548 2023 7,808,177 (1,668,545) 6,139,632 6,139,632 2028 12,314,089 (2,687,208) 9,626,881 9,626,881 Roth IRA Taxes Net to Year on IRA family 1997 $(140,000) $610,000 1998 (140,000) 666,000 2003 0 1,034,481 2008 0 1,610,032 2013 0 2,510,676 2018 0 3,922,548 2023 0 6,139,632 2028 0 9,626,881
Although no standard procedure exists for establishing CC fund levels, this article outlines the elements of a proper CC fund balance determination.
The net effect on the city was a slight decrease in revenues - offset by reduced expenses and a small reduction in fund balances. Portland just completed FY '93 with an estimated general revenue fund balance of $34.3 million (about the same as the FY '92 fund balance of $33.8 million), representing about 15 percent of the city's revenue.
The automatic tax increases and benefit reductions that would occur when a state's trust fund falls below predetermined thresholds would allow a state to operate with a lower average trust fund balance over the business cycle when compared to states that pre-fund against future contingencies.
Nor should the term "surplus" be used in connection with the fund balance; "reserve" would be much more appropriate.
The General Fund Statements of Activity (box immediately below right) show net (after expenses) revenues of more than $950,000, which have been added to our General Fund Balance (box at bottom of the page).