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.
Wayne Michigan Balance Sheet Support Schedule — Cash Balance provides a comprehensive overview of the financial position of the city of Wayne, Michigan, specifically focusing on the cash balances. This support schedule plays a crucial role in effective financial management and provides valuable insights into the liquidity and cash flow management of the city. The Cash Balance section within the Wayne Michigan Balance Sheet Support Schedule details the available cash resources and their allocation within the city's financial structure. It shows the amounts of cash held by the city in various categories, such as general funds, special revenue funds, enterprise funds, and other funds. The primary purpose of the Cash Balance section is to showcase the city's working capital and its ability to meet short-term obligations. It provides information on the total cash available, including both current and non-current portions. Different types of Cash Balances included in the Wayne Michigan Balance Sheet Support Schedule are: 1. General Funds Cash Balance: This represents the cash available in the general operating fund, used for day-to-day operations, salaries, debt service, and general expenses. 2. Special Revenue Funds Cash Balance: This reflects the cash reserves earmarked for specific purposes, such as grant programs, road maintenance, or community development projects. 3. Enterprise Funds Cash Balance: This category highlights the cash held by self-sustaining city enterprises, such as water utilities, parking facilities, or public transportation. These funds operate like businesses and generate revenue to cover their operating expenses. 4. Capital Projects Funds Cash Balance: Capital projects funds represent cash reserves allocated to finance long-term infrastructure development or capital improvement projects. This includes major constructions, facility upgrades, or equipment purchases. 5. Debt Service Funds Cash Balance: This indicates the cash available for debt repayment obligations, including interest and principal payments on loans or bonds issued by the city. 6. Other Funds Cash Balance: This encompasses the cash balances associated with other specific funds, such as pension funds, trust funds, or endowment funds. The Wayne Michigan Balance Sheet Support Schedule — Cash Balance helps city officials, stakeholders, and investors to assess the financial health and stability of the city. By analyzing the different cash balances, it assists in identifying excess or insufficient cash reserves, ensuring adequate liquidity for short-term needs, and guiding financial decision-making to meet the long-term goals of Wayne, Michigan.Wayne Michigan Balance Sheet Support Schedule — Cash Balance provides a comprehensive overview of the financial position of the city of Wayne, Michigan, specifically focusing on the cash balances. This support schedule plays a crucial role in effective financial management and provides valuable insights into the liquidity and cash flow management of the city. The Cash Balance section within the Wayne Michigan Balance Sheet Support Schedule details the available cash resources and their allocation within the city's financial structure. It shows the amounts of cash held by the city in various categories, such as general funds, special revenue funds, enterprise funds, and other funds. The primary purpose of the Cash Balance section is to showcase the city's working capital and its ability to meet short-term obligations. It provides information on the total cash available, including both current and non-current portions. Different types of Cash Balances included in the Wayne Michigan Balance Sheet Support Schedule are: 1. General Funds Cash Balance: This represents the cash available in the general operating fund, used for day-to-day operations, salaries, debt service, and general expenses. 2. Special Revenue Funds Cash Balance: This reflects the cash reserves earmarked for specific purposes, such as grant programs, road maintenance, or community development projects. 3. Enterprise Funds Cash Balance: This category highlights the cash held by self-sustaining city enterprises, such as water utilities, parking facilities, or public transportation. These funds operate like businesses and generate revenue to cover their operating expenses. 4. Capital Projects Funds Cash Balance: Capital projects funds represent cash reserves allocated to finance long-term infrastructure development or capital improvement projects. This includes major constructions, facility upgrades, or equipment purchases. 5. Debt Service Funds Cash Balance: This indicates the cash available for debt repayment obligations, including interest and principal payments on loans or bonds issued by the city. 6. Other Funds Cash Balance: This encompasses the cash balances associated with other specific funds, such as pension funds, trust funds, or endowment funds. The Wayne Michigan Balance Sheet Support Schedule — Cash Balance helps city officials, stakeholders, and investors to assess the financial health and stability of the city. By analyzing the different cash balances, it assists in identifying excess or insufficient cash reserves, ensuring adequate liquidity for short-term needs, and guiding financial decision-making to meet the long-term goals of Wayne, Michigan.
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.
