A balance sheet is an accounting tool used to summarize the financial status of a business or other entity. It generally lists assets on one side and liabilities on the other, and both sides are always in balance. Assets and liabilities are divided into short- and long-term obligations including cash accounts such as checking, money market, or government securities. At any given time, assets must equal liabilities plus owners equity. An asset is anything the business owns that has monetary value. Liabilities are the claims of creditors against the assets of the business. A balance sheet is usually prepared each month, quarter of a year, annually, or upon sale of the business, in order to show the overall condition of the company.
Net cash balance means the beginning cash balance plus cash receipts minus cash disbursements. It also refers to the amount of money in an account. It is calculated by adding the initial deposit to all subsequent deposits and then subtracting all disbursements. A positive net cash balance indicates that money is present and available in the account, while a negative one indicates that the account is overdrawn.
A cash balance plan is a type of defined benefit plan. It also includes some elements that are similar to a defined contribution plan. In a cash balance plan, the benefit amount is computed based on a formula using contribution and earning credits, and each participant has a hypothetical account.
The Bronx New York Balance Sheet Support Schedule — Cash Balance is a financial document that provides an overview of the cash assets held by Bronx, New York, or any entity located within the Bronx area. This schedule is an integral part of the balance sheet, which presents a snapshot of an organization's financial standing at a particular point in time. The Cash Balance section of the Balance Sheet Support Schedule outlines the various types of cash assets held by the entity. These may include: 1. Operating Cash: This refers to the cash on hand or in bank accounts that is readily available for day-to-day expenses and operations. It includes funds required for payroll, utilities, supplies, maintenance, and other routine expenditures. 2. Restricted Cash: This category includes funds that are subject to certain restrictions or limitations on their use. These restrictions typically arise from legal, regulatory, contractual, or donor requirements. Restricted cash could be set aside for specific purposes like capital projects, debt service, or grants. 3. Petty Cash: Petty cash represents a small amount of cash used for minor, ad hoc expenditures. It is often maintained to cover small expenses like office supplies, employee reimbursements, or emergency needs. 4. Cash Equivalents: Cash equivalents are highly liquid investments that are readily convertible into cash within a short period. These typically include short-term investment vehicles such as Treasury bills, money market funds, or certificates of deposit. 5. Impress Funds: Impress funds refer to a fixed amount of cash set aside for a specific purpose. These funds are replenished periodically to maintain the original balance. Impress funds are commonly used for activities like employee reimbursements, travel expenses, or petty cash disbursements. 6. Escrow Funds: Escrow funds are cash deposits held by a trusted third party on behalf of two parties involved in a transaction. These funds serve as a form of security, ensuring that financial obligations are fulfilled before releasing the funds to the intended recipient. The Bronx New York Balance Sheet Support Schedule — Cash Balance provides a comprehensive breakdown of these different cash types, enabling stakeholders to gain insights into the liquidity and financial health of the entity. This information is crucial for making informed decisions, assessing financial stability, and planning for future activities.The Bronx New York Balance Sheet Support Schedule — Cash Balance is a financial document that provides an overview of the cash assets held by Bronx, New York, or any entity located within the Bronx area. This schedule is an integral part of the balance sheet, which presents a snapshot of an organization's financial standing at a particular point in time. The Cash Balance section of the Balance Sheet Support Schedule outlines the various types of cash assets held by the entity. These may include: 1. Operating Cash: This refers to the cash on hand or in bank accounts that is readily available for day-to-day expenses and operations. It includes funds required for payroll, utilities, supplies, maintenance, and other routine expenditures. 2. Restricted Cash: This category includes funds that are subject to certain restrictions or limitations on their use. These restrictions typically arise from legal, regulatory, contractual, or donor requirements. Restricted cash could be set aside for specific purposes like capital projects, debt service, or grants. 3. Petty Cash: Petty cash represents a small amount of cash used for minor, ad hoc expenditures. It is often maintained to cover small expenses like office supplies, employee reimbursements, or emergency needs. 4. Cash Equivalents: Cash equivalents are highly liquid investments that are readily convertible into cash within a short period. These typically include short-term investment vehicles such as Treasury bills, money market funds, or certificates of deposit. 5. Impress Funds: Impress funds refer to a fixed amount of cash set aside for a specific purpose. These funds are replenished periodically to maintain the original balance. Impress funds are commonly used for activities like employee reimbursements, travel expenses, or petty cash disbursements. 6. Escrow Funds: Escrow funds are cash deposits held by a trusted third party on behalf of two parties involved in a transaction. These funds serve as a form of security, ensuring that financial obligations are fulfilled before releasing the funds to the intended recipient. The Bronx New York Balance Sheet Support Schedule — Cash Balance provides a comprehensive breakdown of these different cash types, enabling stakeholders to gain insights into the liquidity and financial health of the entity. This information is crucial for making informed decisions, assessing financial stability, and planning for future activities.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
