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.
Fairfax Virginia Balance Sheet Support Schedule — Cash Balance is a financial document that provides detailed information about the cash balances held by Fairfax, Virginia. It offers an overview of the cash inflows and outflows, helping to track the financial health and liquidity position of the city. The cash balance mentioned in the Balance Sheet Support Schedule represents the amount of money available to the city at a given point in time. It is an essential indicator of fiscal stability and sustainability, reflecting the city's ability to meet its financial obligations and fund capital projects. The cash balance is a crucial component of the overall financial planning and management process of Fairfax, Virginia. As for the different types of Fairfax Virginia Balance Sheet Support Schedule — Cash Balance, they can include: 1. General Fund Cash Balance: This refers to the cash holdings in the general fund of Fairfax, Virginia. The general fund is the primary operating fund that encompasses most of the city's daily expenditures and revenues. 2. Special Revenue Fund Cash Balance: This represents the cash balances in special revenue funds, typically established to account for specific revenue sources and their dedicated expenditures. These funds are often created to finance particular programs or projects, such as grants or capital improvements. 3. Capital Projects Fund Cash Balance: This category displays the cash balances related to capital projects fund. These funds are specifically designated for financing large-scale infrastructure projects like building construction, road development, or park enhancements. 4. Debt Service Fund Cash Balance: The cash balance in this category indicates the availability of funds specifically allocated for debt servicing, which includes interest payments and principal repayments on outstanding debt obligations. 5. Enterprise Fund Cash Balance: Enterprise funds are established to account for self-supporting activities or services that charge fees to cover their costs (e.g., water or wastewater utility). The cash balance for enterprise funds showcases the amount of liquidity available to sustain these activities. The Fairfax Virginia Balance Sheet Support Schedule — Cash Balance serves as an essential tool for policymakers, investors, and financial analysts. It enables them to evaluate the financial position of Fairfax, Virginia, and make informed decisions regarding budgetary allocations, revenue generation, debt management, and capital investments.Fairfax Virginia Balance Sheet Support Schedule — Cash Balance is a financial document that provides detailed information about the cash balances held by Fairfax, Virginia. It offers an overview of the cash inflows and outflows, helping to track the financial health and liquidity position of the city. The cash balance mentioned in the Balance Sheet Support Schedule represents the amount of money available to the city at a given point in time. It is an essential indicator of fiscal stability and sustainability, reflecting the city's ability to meet its financial obligations and fund capital projects. The cash balance is a crucial component of the overall financial planning and management process of Fairfax, Virginia. As for the different types of Fairfax Virginia Balance Sheet Support Schedule — Cash Balance, they can include: 1. General Fund Cash Balance: This refers to the cash holdings in the general fund of Fairfax, Virginia. The general fund is the primary operating fund that encompasses most of the city's daily expenditures and revenues. 2. Special Revenue Fund Cash Balance: This represents the cash balances in special revenue funds, typically established to account for specific revenue sources and their dedicated expenditures. These funds are often created to finance particular programs or projects, such as grants or capital improvements. 3. Capital Projects Fund Cash Balance: This category displays the cash balances related to capital projects fund. These funds are specifically designated for financing large-scale infrastructure projects like building construction, road development, or park enhancements. 4. Debt Service Fund Cash Balance: The cash balance in this category indicates the availability of funds specifically allocated for debt servicing, which includes interest payments and principal repayments on outstanding debt obligations. 5. Enterprise Fund Cash Balance: Enterprise funds are established to account for self-supporting activities or services that charge fees to cover their costs (e.g., water or wastewater utility). The cash balance for enterprise funds showcases the amount of liquidity available to sustain these activities. The Fairfax Virginia Balance Sheet Support Schedule — Cash Balance serves as an essential tool for policymakers, investors, and financial analysts. It enables them to evaluate the financial position of Fairfax, Virginia, and make informed decisions regarding budgetary allocations, revenue generation, debt management, and capital investments.
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.
