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.
Chicago Illinois Balance Sheet Support Schedule — Cash Balance is a financial document that provides a detailed breakdown of the cash balances held by the city of Chicago, Illinois. It is an essential component of the city's financial statements and offers valuable insights into its liquidity and financial health. The cash balance section of the Balance Sheet Support Schedule provides a comprehensive overview of the cash and cash equivalents held by the city during a specific period. It includes all funds available in the form of cash, such as currency, coins, bank accounts, and short-term investments that can be readily converted into cash within a year. Key components of the Chicago Illinois Balance Sheet Support Schedule — Cash Balance may include: 1. General Fund Cash Balance: This section represents the cash balance held in the city's primary operating fund, the general fund. It includes cash obtained from various revenue sources, such as taxes, intergovernmental transfers, license fees, and fines. 2. Special Revenue Fund Cash Balance: The special revenue fund cash balance focuses on funds dedicated to specific activities or projects. It details the cash balances held within these restricted accounts, such as grants, donations, or tax revenues designated for particular purposes like infrastructure development or education. 3. Debt Service Fund Cash Balance: This segment showcases the cash balance designated for debt payments, such as principal and interest on outstanding loans or bonds. It demonstrates the city's ability to meet its debt obligations and might include bond sinking funds or reserve accounts. 4. Enterprise Fund Cash Balance: Enterprise funds are established for self-supporting activities within the city, such as water or transportation systems. This portion of the report highlights the cash balance associated with enterprises that generate revenue, self-fund operations, and support ongoing maintenance or expansion. 5. Capital Projects Fund Cash Balance: Capital projects funds are used for the acquisition, construction, or maintenance of capital assets like infrastructure and buildings. This part discloses the cash balance available for financing capital projects and indicates the city's ability to fund necessary developments. 6. Trust Fund Cash Balance: Trust funds are established to hold assets on behalf of others, typically for specific purposes like pensions or scholarships. The trust fund cash balance section outlines the cash reserves held in these accounts and may include data on investment income or distributions to beneficiaries. The Chicago Illinois Balance Sheet Support Schedule — Cash Balance aims to provide transparency and accountability in the management of public funds. It presents vital information for stakeholders, including citizens, investors, and government agencies, by demonstrating the availability and allocation of cash resources within different city funds. By analyzing this document, stakeholders can assess the city's financial stability, its ability to meet obligations, and make informed decisions regarding future budgeting, investment, or funding strategies.Chicago Illinois Balance Sheet Support Schedule — Cash Balance is a financial document that provides a detailed breakdown of the cash balances held by the city of Chicago, Illinois. It is an essential component of the city's financial statements and offers valuable insights into its liquidity and financial health. The cash balance section of the Balance Sheet Support Schedule provides a comprehensive overview of the cash and cash equivalents held by the city during a specific period. It includes all funds available in the form of cash, such as currency, coins, bank accounts, and short-term investments that can be readily converted into cash within a year. Key components of the Chicago Illinois Balance Sheet Support Schedule — Cash Balance may include: 1. General Fund Cash Balance: This section represents the cash balance held in the city's primary operating fund, the general fund. It includes cash obtained from various revenue sources, such as taxes, intergovernmental transfers, license fees, and fines. 2. Special Revenue Fund Cash Balance: The special revenue fund cash balance focuses on funds dedicated to specific activities or projects. It details the cash balances held within these restricted accounts, such as grants, donations, or tax revenues designated for particular purposes like infrastructure development or education. 3. Debt Service Fund Cash Balance: This segment showcases the cash balance designated for debt payments, such as principal and interest on outstanding loans or bonds. It demonstrates the city's ability to meet its debt obligations and might include bond sinking funds or reserve accounts. 4. Enterprise Fund Cash Balance: Enterprise funds are established for self-supporting activities within the city, such as water or transportation systems. This portion of the report highlights the cash balance associated with enterprises that generate revenue, self-fund operations, and support ongoing maintenance or expansion. 5. Capital Projects Fund Cash Balance: Capital projects funds are used for the acquisition, construction, or maintenance of capital assets like infrastructure and buildings. This part discloses the cash balance available for financing capital projects and indicates the city's ability to fund necessary developments. 6. Trust Fund Cash Balance: Trust funds are established to hold assets on behalf of others, typically for specific purposes like pensions or scholarships. The trust fund cash balance section outlines the cash reserves held in these accounts and may include data on investment income or distributions to beneficiaries. The Chicago Illinois Balance Sheet Support Schedule — Cash Balance aims to provide transparency and accountability in the management of public funds. It presents vital information for stakeholders, including citizens, investors, and government agencies, by demonstrating the availability and allocation of cash resources within different city funds. By analyzing this document, stakeholders can assess the city's financial stability, its ability to meet obligations, and make informed decisions regarding future budgeting, investment, or funding strategies.
