It is essential that governments maintain adequate levels of fund balance to mitigate current and future risks (e.g., revenue shortfalls and unanticipated expenditures) and to ensure stable tax …

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 …

Fund balance is an accounting term used by nonprofit organizations to describe the net assets available after subtracting liabilities from assets within a specific fund.

Jul 2, 2025 · Fund balance, from a technical accounting standpoint, is the arithmetic difference between a fund’s total assets and its total liabilities. This difference reflects the residual equity …

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 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 …

Fund balance is the dollar amount of financial resources a government has available to support its bread-and-butter services—like police, fire, education, and parks. It represents what’s left over …

A common misconception is that fund balance is a cash account, associated with or correlated to a government’s bank account balance. But unlike a personal bank account, a general fund …

May 25, 2025 · Fund balance is defined as the difference between a government's assets and liabilities in a particular fund. It represents the net financial resources available to a …

Fund Balance - When an entity collects more money than it spends within a year, it has retained earnings. Retained earnings, in its simplest form, is cash. However, by definition, it is the …