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.
Oakland Michigan Balance Sheet Support Schedule — Cash Balance is a financial document that provides a detailed snapshot of the cash position of the Oakland County government in Michigan. This schedule is an essential part of the overall balance sheet and helps to analyze the liquidity and financial health of the county. The Cash Balance schedule consists of various components that contribute to the overall cash position. These components may include: 1. Operating Cash: This represents the cash available to cover day-to-day expenses and operational activities of the county government. It includes cash on hand, petty cash, and any short-term investments. 2. Restricted Cash: This refers to cash that is earmarked for specific purposes and cannot be used for general expenditures. These funds may be restricted by legal requirements, grants, or other contractual agreements. 3. Investments: This section lists any investments made by the county government, such as treasury bills, certificates of deposit, or bonds. These investments generate interest income and add to the overall cash balance. 4. Loans Receivable: If the county has provided loans to individuals or organizations, this section will outline the outstanding loan balances. These loans are considered assets as they are expected to be repaid in cash. 5. Accounts Receivable: This category represents the amounts owed to the county government by individuals, businesses, or other entities. It includes outstanding invoices, taxes receivable, and other receivables. These amounts are expected to be collected in cash in the future. 6. Other Cash Equivalents: This section includes any other cash-like instruments that are easily convertible into cash. Examples may include prepaid expenses, refunds receivable, or cash held in escrow. The Oakland Michigan Balance Sheet Support Schedule — Cash Balance helps in evaluating the county's liquidity and ability to meet its financial obligations. It assists in assessing the cash flow management, identifying areas of surplus or deficit, and planning for future expenditures. By analyzing this schedule, stakeholders can make informed decisions about the financial stability of the county government. In conclusion, the Oakland Michigan Balance Sheet Support Schedule — Cash Balance provides a comprehensive overview of the cash position of the county government. It is a vital financial tool used to assess liquidity, manage cash flow, and make informed decisions regarding financial operations.Oakland Michigan Balance Sheet Support Schedule — Cash Balance is a financial document that provides a detailed snapshot of the cash position of the Oakland County government in Michigan. This schedule is an essential part of the overall balance sheet and helps to analyze the liquidity and financial health of the county. The Cash Balance schedule consists of various components that contribute to the overall cash position. These components may include: 1. Operating Cash: This represents the cash available to cover day-to-day expenses and operational activities of the county government. It includes cash on hand, petty cash, and any short-term investments. 2. Restricted Cash: This refers to cash that is earmarked for specific purposes and cannot be used for general expenditures. These funds may be restricted by legal requirements, grants, or other contractual agreements. 3. Investments: This section lists any investments made by the county government, such as treasury bills, certificates of deposit, or bonds. These investments generate interest income and add to the overall cash balance. 4. Loans Receivable: If the county has provided loans to individuals or organizations, this section will outline the outstanding loan balances. These loans are considered assets as they are expected to be repaid in cash. 5. Accounts Receivable: This category represents the amounts owed to the county government by individuals, businesses, or other entities. It includes outstanding invoices, taxes receivable, and other receivables. These amounts are expected to be collected in cash in the future. 6. Other Cash Equivalents: This section includes any other cash-like instruments that are easily convertible into cash. Examples may include prepaid expenses, refunds receivable, or cash held in escrow. The Oakland Michigan Balance Sheet Support Schedule — Cash Balance helps in evaluating the county's liquidity and ability to meet its financial obligations. It assists in assessing the cash flow management, identifying areas of surplus or deficit, and planning for future expenditures. By analyzing this schedule, stakeholders can make informed decisions about the financial stability of the county government. In conclusion, the Oakland Michigan Balance Sheet Support Schedule — Cash Balance provides a comprehensive overview of the cash position of the county government. It is a vital financial tool used to assess liquidity, manage cash flow, and make informed decisions regarding financial operations.
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.
