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.
The San Antonio Texas Balance Sheet is a financial statement that provides a snapshot of the city's economic position and its financial health. It showcases the city's assets, liabilities, and equity at a specific point in time. This document is essential for assessing the financial stability and performance of San Antonio, allowing stakeholders to make informed decisions and evaluate the city's fiscal management. The San Antonio Texas Balance Sheet comprises various types, including: 1. Government-Wide Balance Sheet: This type of balance sheet presents the overall financial position of the city, combining both governmental and business-like activities. It includes assets like infrastructure, equipment, and investments, liabilities such as long-term debt, and net position representing the city's financial value. 2. Governmental Fund Balance Sheet: This balance sheet focuses on the city's governmental activities, including basic services like public safety, education, and infrastructure development. It outlines the assets held by specific funds such as general fund, housing funds, special revenue funds, and capital projects funds. It also denotes the liabilities associated with these funds. 3. Proprietary Fund Balance Sheet: This type of balance sheet focuses on the city's business-type activities that operate more like commercial entities. It includes assets and liabilities related to enterprise funds like the water utility, electric utility, or airport operations. It reflects the financial position of these self-sustaining activities. 4. Fiduciary Fund Balance Sheet: This balance sheet presents assets and liabilities held by San Antonio as a custodian or trustee, managing resources on behalf of others, such as employee pension funds, investment trusts, and other fiduciary funds. Keywords: San Antonio Texas, Balance Sheet, financial statement, assets, liabilities, equity, economic position, financial health, stakeholders, fiscal management, Government-Wide Balance Sheet, governmental activities, governmental fund, business-type activities, proprietary fund, enterprise funds, fiduciary fund, snapshot, long-term debt, net position, financial stability, performance, self-sustaining activities, custodian, trustee.The San Antonio Texas Balance Sheet is a financial statement that provides a snapshot of the city's economic position and its financial health. It showcases the city's assets, liabilities, and equity at a specific point in time. This document is essential for assessing the financial stability and performance of San Antonio, allowing stakeholders to make informed decisions and evaluate the city's fiscal management. The San Antonio Texas Balance Sheet comprises various types, including: 1. Government-Wide Balance Sheet: This type of balance sheet presents the overall financial position of the city, combining both governmental and business-like activities. It includes assets like infrastructure, equipment, and investments, liabilities such as long-term debt, and net position representing the city's financial value. 2. Governmental Fund Balance Sheet: This balance sheet focuses on the city's governmental activities, including basic services like public safety, education, and infrastructure development. It outlines the assets held by specific funds such as general fund, housing funds, special revenue funds, and capital projects funds. It also denotes the liabilities associated with these funds. 3. Proprietary Fund Balance Sheet: This type of balance sheet focuses on the city's business-type activities that operate more like commercial entities. It includes assets and liabilities related to enterprise funds like the water utility, electric utility, or airport operations. It reflects the financial position of these self-sustaining activities. 4. Fiduciary Fund Balance Sheet: This balance sheet presents assets and liabilities held by San Antonio as a custodian or trustee, managing resources on behalf of others, such as employee pension funds, investment trusts, and other fiduciary funds. Keywords: San Antonio Texas, Balance Sheet, financial statement, assets, liabilities, equity, economic position, financial health, stakeholders, fiscal management, Government-Wide Balance Sheet, governmental activities, governmental fund, business-type activities, proprietary fund, enterprise funds, fiduciary fund, snapshot, long-term debt, net position, financial stability, performance, self-sustaining activities, custodian, trustee.
