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.
Hennepin Minnesota Balance Sheet Support Schedule — Cash Balance is a crucial financial document that provides insight into the cash position of Hennepin County, Minnesota. The cash balance section outlines the amount of cash and cash equivalents held by the county government at a given period. The schedule contains various types of Hennepin Minnesota Balance Sheet Support Schedules — Cash Balance, categorized as follows: 1. General Cash Balance: This section represents the overall cash balance of Hennepin County, including the reserves, funds from tax collections, grants, and other sources. It reflects the liquid cash available for day-to-day operations, meeting financial obligations, and investment opportunities. 2. Restricted Cash Balance: This subsection presents the portion of cash that is legally restricted for specific purposes, such as grants, endowments, or funds dedicated to particular projects. Restricted cash cannot be used for general county expenditures unless the specified conditions are met. 3. Special Revenue Fund Cash Balance: Here, the schedule provides details on cash held in special revenue funds, which are established to account for specific revenue sources, such as local sales taxes, transportation funds, or federal grants. The cash balance in this section shows the availability of funds to support targeted programs and initiatives. 4. Capital Project Fund Cash Balance: This component outlines cash allocated for capital improvement projects, including infrastructure development, construction, or major equipment purchases. The cash balance in the capital project fund section demonstrates the readiness to undertake and finance capital expenditures. 5. Debt Service Fund Cash Balance: The debt service fund section focuses on cash set aside for the repayment of long-term debt obligations. This cash balance ensures that Hennepin County has sufficient funds to meet interest payments and retire outstanding debts on time. 6. Enterprise Fund Cash Balance: Enterprise funds are established to account for self-supporting activities or services provided by Hennepin County, such as utilities, transportation, or parking facilities. The cash balance in this category demonstrates the financial position of these business-like operations. 7. Trust and Agency Cash Balance: This section records cash held in a fiduciary capacity for others. It includes funds collected on behalf of other governmental agencies, private individuals, or entities for specific purposes. The cash balance here represents the county's responsibility to safeguard and distribute these funds appropriately. By examining these various types of Hennepin Minnesota Balance Sheet Support Schedules — Cash Balance, stakeholders can gain a comprehensive understanding of the county's cash position, liquidity, and financial stability. It helps in strategic decision-making, budget planning, and ensuring proper allocation of resources.Hennepin Minnesota Balance Sheet Support Schedule — Cash Balance is a crucial financial document that provides insight into the cash position of Hennepin County, Minnesota. The cash balance section outlines the amount of cash and cash equivalents held by the county government at a given period. The schedule contains various types of Hennepin Minnesota Balance Sheet Support Schedules — Cash Balance, categorized as follows: 1. General Cash Balance: This section represents the overall cash balance of Hennepin County, including the reserves, funds from tax collections, grants, and other sources. It reflects the liquid cash available for day-to-day operations, meeting financial obligations, and investment opportunities. 2. Restricted Cash Balance: This subsection presents the portion of cash that is legally restricted for specific purposes, such as grants, endowments, or funds dedicated to particular projects. Restricted cash cannot be used for general county expenditures unless the specified conditions are met. 3. Special Revenue Fund Cash Balance: Here, the schedule provides details on cash held in special revenue funds, which are established to account for specific revenue sources, such as local sales taxes, transportation funds, or federal grants. The cash balance in this section shows the availability of funds to support targeted programs and initiatives. 4. Capital Project Fund Cash Balance: This component outlines cash allocated for capital improvement projects, including infrastructure development, construction, or major equipment purchases. The cash balance in the capital project fund section demonstrates the readiness to undertake and finance capital expenditures. 5. Debt Service Fund Cash Balance: The debt service fund section focuses on cash set aside for the repayment of long-term debt obligations. This cash balance ensures that Hennepin County has sufficient funds to meet interest payments and retire outstanding debts on time. 6. Enterprise Fund Cash Balance: Enterprise funds are established to account for self-supporting activities or services provided by Hennepin County, such as utilities, transportation, or parking facilities. The cash balance in this category demonstrates the financial position of these business-like operations. 7. Trust and Agency Cash Balance: This section records cash held in a fiduciary capacity for others. It includes funds collected on behalf of other governmental agencies, private individuals, or entities for specific purposes. The cash balance here represents the county's responsibility to safeguard and distribute these funds appropriately. By examining these various types of Hennepin Minnesota Balance Sheet Support Schedules — Cash Balance, stakeholders can gain a comprehensive understanding of the county's cash position, liquidity, and financial stability. It helps in strategic decision-making, budget planning, and ensuring proper allocation of resources.
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.
