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 Franklin Ohio Balance Sheet Support Schedule — Cash Balance is a financial statement that provides a detailed breakdown of the cash holdings of the city of Franklin, Ohio. This schedule is an essential component of the overall balance sheet, serving as a record of the cash assets held by the city at a specific point in time. The Cash Balance section of the support schedule displays the various types of cash accounts maintained by Franklin, Ohio. These accounts include the following: 1. General Fund Cash Balance: This category represents the cash held in the city's general fund, which is used to finance day-to-day operations, such as public services, employee salaries, and administrative expenses. It provides a snapshot of the available cash resources that can be used for immediate needs. 2. Special Revenue Funds Cash Balance: Franklin, Ohio may have dedicated funds for specific purposes, such as grants, donations, or taxes levied for specific projects. The Special Revenue Funds Cash Balance category details the cash holdings associated with these restricted funds, allowing the city to track the availability of funds for their intended purposes accurately. 3. Capital Projects Funds Cash Balance: When Franklin, Ohio undertakes capital projects like infrastructure development, construction, or renovations, funding is often allocated to specific accounts known as capital project funds. The Capital Projects Fund Cash Balance section displays the cash balance in these funds, giving an overview of the financial resources available for investment in long-term projects. 4. Debt Service Funds Cash Balance: As the city may have outstanding debts, such as bonds or loans, it is essential to monitor the cash designated for their repayment. The Debt Service Funds Cash Balance category shows the cash available to meet debt obligations and allows Franklin, Ohio to assess its ability to make timely payments. The Franklin Ohio Balance Sheet Support Schedule — Cash Balance offers valuable insights into the liquidity and financial strength of the city. It enables officials and stakeholders to gauge the availability of cash resources and make informed decisions regarding budgeting, investing, and debt management. By analyzing this schedule, Franklin, Ohio can ensure efficient cash management and maintain financial stability in serving its residents and supporting local initiatives.The Franklin Ohio Balance Sheet Support Schedule — Cash Balance is a financial statement that provides a detailed breakdown of the cash holdings of the city of Franklin, Ohio. This schedule is an essential component of the overall balance sheet, serving as a record of the cash assets held by the city at a specific point in time. The Cash Balance section of the support schedule displays the various types of cash accounts maintained by Franklin, Ohio. These accounts include the following: 1. General Fund Cash Balance: This category represents the cash held in the city's general fund, which is used to finance day-to-day operations, such as public services, employee salaries, and administrative expenses. It provides a snapshot of the available cash resources that can be used for immediate needs. 2. Special Revenue Funds Cash Balance: Franklin, Ohio may have dedicated funds for specific purposes, such as grants, donations, or taxes levied for specific projects. The Special Revenue Funds Cash Balance category details the cash holdings associated with these restricted funds, allowing the city to track the availability of funds for their intended purposes accurately. 3. Capital Projects Funds Cash Balance: When Franklin, Ohio undertakes capital projects like infrastructure development, construction, or renovations, funding is often allocated to specific accounts known as capital project funds. The Capital Projects Fund Cash Balance section displays the cash balance in these funds, giving an overview of the financial resources available for investment in long-term projects. 4. Debt Service Funds Cash Balance: As the city may have outstanding debts, such as bonds or loans, it is essential to monitor the cash designated for their repayment. The Debt Service Funds Cash Balance category shows the cash available to meet debt obligations and allows Franklin, Ohio to assess its ability to make timely payments. The Franklin Ohio Balance Sheet Support Schedule — Cash Balance offers valuable insights into the liquidity and financial strength of the city. It enables officials and stakeholders to gauge the availability of cash resources and make informed decisions regarding budgeting, investing, and debt management. By analyzing this schedule, Franklin, Ohio can ensure efficient cash management and maintain financial stability in serving its residents and supporting local initiatives.
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.