Fund balance definition

Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Fund balance means the excess of the assets over liabilities, reserves, and contributions, as reflected by its books of account.

Fund balance means the balance of the fund after revenue and investment income has been added and expenditures have been subtracted.

Examples of Fund balance in a sentence

• Any Unrestricted General Fund Balance allocation in excess of 22% of the SMMUSD Unrestricted General Fund Balance, including adjustments occurring in the second and third year of MUSD operations, shall be reimbursed by MUSD to SMUSD as an adjustment to the Revenue Sharing Agreement in the final year of revenue sharing, as described in Section 9.c. of the Revenue Sharing Agreement.

• The County will also provide expenditure information to the JCPS auditor each year and will report the Education Capital Fund Balance annually including restricted and committed revenue.

• If the above Funding concept is more than adequate to meet the expected plan cost and also produces dollars in excess of the Ideal Fund Balance Target the excess dollars must first be used to repay any loans due the City of Rapid City, secondly these dollars may be used to offset the forthcoming years funding need by carrying the dollars forward to subsequent years.

• If the Unrestricted General Fund Balance allocation to MUSD results in a fund balance of less than seven million five hundred thousand dollars ($7,500,000), then there shall be an adjustment to the Property Tax Transfer Amount, as described in Section 9 of the Revenue Sharing Agreement, in the second and third year of operations of MUSD.

• Reserves will be apportioned according to the JPA Fund Balance and CIP Reserves Policies.

More Definitions of Fund balance

Fund balance means the difference between a governmental fund’s current assets (i.e., cash, short- term investments, inventories, receivables, and other unrestricted assets expected to be available to finance operations in the immediate future) and its current liabilities. A positive difference of current assets minus current liabilities gives an indication of the resources immediately available to finance ongoing operations. The Fund Balance is located on the applicant’s Statement of Operations & Changes in Fund Balance.

Fund balance means the arithmetic difference between the assets and liabilities reported in a school district fund.

Fund balance means the excess of the assets of a fund over its liabilities and reserves except in the case of funds subject to budgetary accounting where, prior to the end of a fiscal period, it represents the excess of the fund’s assets and estimated revenues for the period over its liabilities, reserves and appropriations for the period.

Fund balance means the excess of the assets over liabilities, reserves, and

Fund balance. ’ means the sum of—

Fund balance. ’ means the current net

Fund balance means the excess of the assets of a fund over its liabilities and reserves