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.
Sacramento California Balance Sheet Support Schedule — Cash Balance is a critical financial document that provides valuable insights into the cash position of the city of Sacramento, California. This balance sheet schedule is an essential component of the financial reporting system for the city and enables stakeholders to assess the liquidity and financial health of Sacramento. The Cash Balance section in the Sacramento California Balance Sheet Support Schedule focuses on recording the cash and cash equivalents within the jurisdiction. It includes all available funds, such as currency, coins, checks, bank drafts, money orders, and deposits held by the city government. The Cash Balance section of the schedule is calculated by summing up the beginning cash balance, inflows, and outflows during a specific period. There are different types of Sacramento California Balance Sheet Support Schedule — Cash Balance: 1. Operating Cash Balance: This refers to the cash held by the city for day-to-day operations, such as paying employees' salaries, purchasing supplies, and meeting regular expenses. It reflects the availability of funds for essential activities. 2. Restricted Cash Balance: This category represents cash that is subject to certain restrictions and limitations. These restrictions may be imposed by law, contracts, grants, or other external factors. Restricted cash can include amounts set aside for specific projects, debt service requirements, reserves, or funds dedicated to particular purposes. 3. Unrestricted Cash Balance: Unrestricted cash balance refers to funds that are not subject to any significant restrictions or limitations. This portion of the cash balance provides flexibility to the city for meeting unforeseen expenses, emergencies, or any other financial needs that arise. It is important for the Sacramento government to maintain a positive cash balance to ensure the smooth functioning of its operations, meet financial obligations, and pursue necessary investments and initiatives. Monitoring the Cash Balance section of the balance sheet support schedule allows the city officials, auditors, and stakeholders to exercise good financial management practices and make informed decisions based on the available cash resources. In conclusion, the Sacramento California Balance Sheet Support Schedule — Cash Balance serves as a crucial financial tool for assessing the cash position of the city. It provides a comprehensive overview of the cash available, allowing for effective financial planning and decision-making. By categorizing the cash balance into operating, restricted, and unrestricted balances, this schedule enhances transparency and accountability in Sacramento's financial management.Sacramento California Balance Sheet Support Schedule — Cash Balance is a critical financial document that provides valuable insights into the cash position of the city of Sacramento, California. This balance sheet schedule is an essential component of the financial reporting system for the city and enables stakeholders to assess the liquidity and financial health of Sacramento. The Cash Balance section in the Sacramento California Balance Sheet Support Schedule focuses on recording the cash and cash equivalents within the jurisdiction. It includes all available funds, such as currency, coins, checks, bank drafts, money orders, and deposits held by the city government. The Cash Balance section of the schedule is calculated by summing up the beginning cash balance, inflows, and outflows during a specific period. There are different types of Sacramento California Balance Sheet Support Schedule — Cash Balance: 1. Operating Cash Balance: This refers to the cash held by the city for day-to-day operations, such as paying employees' salaries, purchasing supplies, and meeting regular expenses. It reflects the availability of funds for essential activities. 2. Restricted Cash Balance: This category represents cash that is subject to certain restrictions and limitations. These restrictions may be imposed by law, contracts, grants, or other external factors. Restricted cash can include amounts set aside for specific projects, debt service requirements, reserves, or funds dedicated to particular purposes. 3. Unrestricted Cash Balance: Unrestricted cash balance refers to funds that are not subject to any significant restrictions or limitations. This portion of the cash balance provides flexibility to the city for meeting unforeseen expenses, emergencies, or any other financial needs that arise. It is important for the Sacramento government to maintain a positive cash balance to ensure the smooth functioning of its operations, meet financial obligations, and pursue necessary investments and initiatives. Monitoring the Cash Balance section of the balance sheet support schedule allows the city officials, auditors, and stakeholders to exercise good financial management practices and make informed decisions based on the available cash resources. In conclusion, the Sacramento California Balance Sheet Support Schedule — Cash Balance serves as a crucial financial tool for assessing the cash position of the city. It provides a comprehensive overview of the cash available, allowing for effective financial planning and decision-making. By categorizing the cash balance into operating, restricted, and unrestricted balances, this schedule enhances transparency and accountability in Sacramento's financial management.
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.
