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 West Virginia Balance Sheet Support Schedule — Cash Balance provides a comprehensive overview of the financial position of West Virginia by highlighting its cash balance and related details. This document is crucial for understanding the state's liquidity and cash management. The cash balance section within the West Virginia Balance Sheet Support Schedule categorizes the state's cash positions according to various sources and uses. It provides a detailed breakdown of cash reserves, including operating funds, general fund reserves, special revenue funds, and other sources of cash. This schedule allows policymakers, financial analysts, and the public to gain insights into how cash is managed and allocated across different sectors and programs. Furthermore, the West Virginia Balance Sheet Support Schedule — Cash Balance includes additional information regarding the different types of cash balances within the state. Some of these variations include restricted cash balance, unrestricted cash balance, unexpended balance, allocated balance, and encumbered cash balance. Restricted cash balance refers to funds that have specific restrictions on their use and can only be utilized for designated purposes, such as grants or loans. Unrestricted cash balance, on the other hand, represents funds that are readily available for general use without any usage restrictions. The unexpended balance denotes the remaining funds from appropriations that have not been spent within a fiscal year. Allocated balance indicates funds designated for specific purposes but not yet expended. Lastly, the encumbered cash balance signifies the funds that have been obligated for future expenses, such as contracts or purchase orders. By presenting a detailed breakdown of the various cash balances and their classifications, the West Virginia Balance Sheet Support Schedule — Cash Balance provides transparency and accountability in managing the state's finances. This document helps stakeholders assess the availability and utilization of cash resources, supporting informed decision-making regarding budgeting, funding allocations, and financial planning. In conclusion, the West Virginia Balance Sheet Support Schedule — Cash Balance offers a comprehensive overview of West Virginia's cash positions. It encompasses different types of cash balances and provides detailed information on each category, allowing for a deep understanding of the state's financial health and liquidity.The West Virginia Balance Sheet Support Schedule — Cash Balance provides a comprehensive overview of the financial position of West Virginia by highlighting its cash balance and related details. This document is crucial for understanding the state's liquidity and cash management. The cash balance section within the West Virginia Balance Sheet Support Schedule categorizes the state's cash positions according to various sources and uses. It provides a detailed breakdown of cash reserves, including operating funds, general fund reserves, special revenue funds, and other sources of cash. This schedule allows policymakers, financial analysts, and the public to gain insights into how cash is managed and allocated across different sectors and programs. Furthermore, the West Virginia Balance Sheet Support Schedule — Cash Balance includes additional information regarding the different types of cash balances within the state. Some of these variations include restricted cash balance, unrestricted cash balance, unexpended balance, allocated balance, and encumbered cash balance. Restricted cash balance refers to funds that have specific restrictions on their use and can only be utilized for designated purposes, such as grants or loans. Unrestricted cash balance, on the other hand, represents funds that are readily available for general use without any usage restrictions. The unexpended balance denotes the remaining funds from appropriations that have not been spent within a fiscal year. Allocated balance indicates funds designated for specific purposes but not yet expended. Lastly, the encumbered cash balance signifies the funds that have been obligated for future expenses, such as contracts or purchase orders. By presenting a detailed breakdown of the various cash balances and their classifications, the West Virginia Balance Sheet Support Schedule — Cash Balance provides transparency and accountability in managing the state's finances. This document helps stakeholders assess the availability and utilization of cash resources, supporting informed decision-making regarding budgeting, funding allocations, and financial planning. In conclusion, the West Virginia Balance Sheet Support Schedule — Cash Balance offers a comprehensive overview of West Virginia's cash positions. It encompasses different types of cash balances and provides detailed information on each category, allowing for a deep understanding of the state's financial health and liquidity.
