In the context of financial reporting, the term fund balance is used to describe the net position of governmental funds calculated in accordance with generally accepted accounting principles (GAAP).

Most think of fund balance as cash or other money sitting in a bank, however, fund balance is the difference between assets and liabilities and represents the spendable (tangible) and non-spendable (intangible) resources available to meet future obligations.

Statement of fund balance is a part of the balance sheet that governmental entities are required to prepare every year. It summarizes the allocation of all governmental funds and makes it easier to understand how resources are used by the government.

2021年12月1日 · Fund Balance is the total accumulation of operating surpluses and deficits since the beginning of a local government’s existence. The difference between a unit’s revenues and expenditures for a fiscal year. Fund Balance – What Is It?

Fund balance and net position are the difference between fund assets plus deferred outflows of resources and liabilities plus deferred inflows of resources reflected on the balance sheet or statement of net position.

2022年7月30日 · The fund balance is the accumulated revenue for a client minus the expenditures. The fund balance can be used in future years for different purposes. A fund balance is the amount of cash present in the account of the broker that belongs to the client (you).

2020年5月5日 · In governmental funds, like the general fund and capital projects fund, retained earnings is called fund balance. In proprietary funds, like the water fund and sewer fund, retained earnings is called net position.

What is Fund Balance? In government accounting, fund balance is the difference between assets and liabilities resulting in a surplus or a deficit. A common misconception is that fund balance is a cash account, associated with or correlated to a government’s bank account balance.

Fund balance is an important measure that represents the difference between a fund’s assets and liabilities. The overall objective of fund balance reporting is to isolate that portion of fund balance that is unavailable to support the following period’s budget.

A fund balance is the difference between a district’s assets (such as cash and investments) and liabilities (such as outstanding expenses). Wisconsin school districts receive property tax and state aid payments at different times throughout the year, which causes significant fluctuations in cash flow. Without an adequate fund balance, the ...