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 North Dakota Balance Sheet Support Schedule provides a comprehensive overview of the financial position of the state government, particularly focusing on the cash balance. It is a crucial tool for policymakers, auditors, and financial analysts to assess the liquidity and solvency of North Dakota. The Cash Balance section in the North Dakota Balance Sheet Support Schedule sheds light on the state's available cash resources, allowing for a deep understanding of its financial stability. This section outlines the total cash balance, which represents the amount of money readily available for the state to fulfill its immediate financial obligations. Various types of North Dakota Balance Sheet Support Schedules exist to provide specific information regarding the state's cash balance. These different schedules categorize the cash balance into distinct components, including: 1. General Fund Cash Balance: This schedule focuses exclusively on the cash resources available in the state's general fund. The General Fund is the primary operating fund of North Dakota, encompassing most revenue and expenditure transactions. 2. Special Revenue Fund Cash Balance: This schedule highlights the cash balance of North Dakota's special revenue funds. Special revenue funds are established for specific purposes or programs, collecting revenues from dedicated sources, such as grants, taxes, or fees. 3. Capital Projects Fund Cash Balance: This schedule concentrates on the cash balance attributed to capital projects funds. Capital projects funds are utilized for acquiring, constructing, or improving major assets and infrastructure within the state, like buildings, roads, or bridges. 4. Debt Service Fund Cash Balance: This schedule provides insights into the cash balance designated for debt service funds. Debt service funds are used to make principal and interest payments on the state's outstanding debt obligations. By analyzing the different types of North Dakota Balance Sheet Support Schedules — Cash Balance, policymakers gain a comprehensive understanding of the state's financial health, allowing them to make informed decisions regarding budgeting, investments, and fiscal policies. Furthermore, auditors and financial analysts can assess the efficiency and effectiveness of the state's cash management practices and identify potential areas for improvement.The North Dakota Balance Sheet Support Schedule provides a comprehensive overview of the financial position of the state government, particularly focusing on the cash balance. It is a crucial tool for policymakers, auditors, and financial analysts to assess the liquidity and solvency of North Dakota. The Cash Balance section in the North Dakota Balance Sheet Support Schedule sheds light on the state's available cash resources, allowing for a deep understanding of its financial stability. This section outlines the total cash balance, which represents the amount of money readily available for the state to fulfill its immediate financial obligations. Various types of North Dakota Balance Sheet Support Schedules exist to provide specific information regarding the state's cash balance. These different schedules categorize the cash balance into distinct components, including: 1. General Fund Cash Balance: This schedule focuses exclusively on the cash resources available in the state's general fund. The General Fund is the primary operating fund of North Dakota, encompassing most revenue and expenditure transactions. 2. Special Revenue Fund Cash Balance: This schedule highlights the cash balance of North Dakota's special revenue funds. Special revenue funds are established for specific purposes or programs, collecting revenues from dedicated sources, such as grants, taxes, or fees. 3. Capital Projects Fund Cash Balance: This schedule concentrates on the cash balance attributed to capital projects funds. Capital projects funds are utilized for acquiring, constructing, or improving major assets and infrastructure within the state, like buildings, roads, or bridges. 4. Debt Service Fund Cash Balance: This schedule provides insights into the cash balance designated for debt service funds. Debt service funds are used to make principal and interest payments on the state's outstanding debt obligations. By analyzing the different types of North Dakota Balance Sheet Support Schedules — Cash Balance, policymakers gain a comprehensive understanding of the state's financial health, allowing them to make informed decisions regarding budgeting, investments, and fiscal policies. Furthermore, auditors and financial analysts can assess the efficiency and effectiveness of the state's cash management practices and identify potential areas for improvement.
