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 Wake North Carolina Balance Sheet Support Schedule — Cash Balance is a crucial financial document that provides detailed information about the amount of cash and cash equivalents available to an organization at a specific point in time. This segment of the balance sheet provides insights into the liquidity and solvency of Wake North Carolina, allowing stakeholders to assess its financial health accurately. The Cash Balance section of Wake North Carolina's Balance Sheet Support Schedule typically includes the following key components: 1. Cash on Hand: This refers to the physical currency notes and coins available with Wake North Carolina at a given time. It represents the most liquid form of cash and is readily available for immediate use. 2. Cash in Bank: Wake North Carolina's cash deposits held in various banking institutions are compiled under this category. It encompasses checking and savings accounts, money market funds, and other highly liquid investments. 3. Petty Cash: This component represents the small amount of cash kept on hand for daily minor expenses, such as office supplies, postage, and employee reimbursements. Petty cash is usually controlled by a custodian who ensures proper documentation and accountability. 4. Cash Equivalents: Wake North Carolina may also include highly liquid investments that qualify as cash equivalents on its balance sheet. Such assets have a short maturity period (usually three months or less) and can be quickly converted into cash without significant loss of value. Examples of cash equivalents include treasury bills, commercial paper, and money market funds. The Wake North Carolina Balance Sheet Support Schedule — Cash Balance is essential for various stakeholders, including investors, lenders, and management. It enables investors to evaluate the organization's financial liquidity and make informed investment decisions. Lenders can analyze the cash position to assess the ability of Wake North Carolina to meet its short-term obligations. By providing a comprehensive breakdown of cash-related items, the Balance Sheet Support Schedule allows management to monitor and manage the organization's cash flow effectively. It helps identify areas of potential cash shortage or surplus, enabling strategic decision-making regarding investment, debt repayment, and working capital management. In summary, the Wake North Carolina Balance Sheet Support Schedule — Cash Balance is a critical financial report that presents detailed information about the organization's cash resources. By analyzing this document, stakeholders gain a clear understanding of Wake North Carolina's cash position, allowing them to make well-informed financial decisions.The Wake North Carolina Balance Sheet Support Schedule — Cash Balance is a crucial financial document that provides detailed information about the amount of cash and cash equivalents available to an organization at a specific point in time. This segment of the balance sheet provides insights into the liquidity and solvency of Wake North Carolina, allowing stakeholders to assess its financial health accurately. The Cash Balance section of Wake North Carolina's Balance Sheet Support Schedule typically includes the following key components: 1. Cash on Hand: This refers to the physical currency notes and coins available with Wake North Carolina at a given time. It represents the most liquid form of cash and is readily available for immediate use. 2. Cash in Bank: Wake North Carolina's cash deposits held in various banking institutions are compiled under this category. It encompasses checking and savings accounts, money market funds, and other highly liquid investments. 3. Petty Cash: This component represents the small amount of cash kept on hand for daily minor expenses, such as office supplies, postage, and employee reimbursements. Petty cash is usually controlled by a custodian who ensures proper documentation and accountability. 4. Cash Equivalents: Wake North Carolina may also include highly liquid investments that qualify as cash equivalents on its balance sheet. Such assets have a short maturity period (usually three months or less) and can be quickly converted into cash without significant loss of value. Examples of cash equivalents include treasury bills, commercial paper, and money market funds. The Wake North Carolina Balance Sheet Support Schedule — Cash Balance is essential for various stakeholders, including investors, lenders, and management. It enables investors to evaluate the organization's financial liquidity and make informed investment decisions. Lenders can analyze the cash position to assess the ability of Wake North Carolina to meet its short-term obligations. By providing a comprehensive breakdown of cash-related items, the Balance Sheet Support Schedule allows management to monitor and manage the organization's cash flow effectively. It helps identify areas of potential cash shortage or surplus, enabling strategic decision-making regarding investment, debt repayment, and working capital management. In summary, the Wake North Carolina Balance Sheet Support Schedule — Cash Balance is a critical financial report that presents detailed information about the organization's cash resources. By analyzing this document, stakeholders gain a clear understanding of Wake North Carolina's cash position, allowing them to make well-informed financial decisions.
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.
