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.
Mecklenburg North Carolina Balance Sheet Support Schedule — Cash Balance is a financial document that provides a comprehensive breakdown of the cash position of Mecklenburg County in North Carolina. It outlines the inflows and outflows of cash over a specific period, typically a fiscal year, and categorizes them into various segments for thorough analysis. The Cash Balance section on the Mecklenburg North Carolina Balance Sheet Support Schedule presents detailed information about the county's cash reserves, including both unrestricted and restricted funds. This section allows stakeholders to understand the financial health of the county and assess its ability to meet its financial obligations. Within the Cash Balance section, different types of Mecklenburg North Carolina Balance Sheet Support Schedule — Cash Balance may include: 1. Unrestricted Cash Balance: This refers to the portion of cash reserves that can be used freely by the county without any restrictions or limitations. It represents the immediate cash available for daily operational expenses, emergency situations, or investments. 2. Restricted Cash Balance: This includes funds that have specific restrictions imposed by external parties, such as granters or bondholders. The county must use these funds for designated purposes only, ensuring compliance with legal requirements. 3. Designated Cash Balance: Designated funds are cash reserves that have been set aside for specific purposes by the county itself. These funds are not subject to external restrictions but are reserved for future expenditures, capital projects, or other planned initiatives. 4. Committed Cash Balance: Committed funds are cash reserves that have been dedicated by the county's governing body, such as the Board of Commissioners, for particular purposes. These funds cannot be used for any other purposes without proper authorization from the governing body. 5. Cash Equivalents: Cash equivalents are highly liquid investments that can be readily converted into cash within a short period, usually three months or less. They include short-term marketable securities, treasury bills, and certificates of deposit. These are considered as part of the county's overall cash balance since they provide readily available sources of funding. By providing a detailed breakdown of the various cash balances, the Mecklenburg North Carolina Balance Sheet Support Schedule — Cash Balance enables stakeholders to assess the county's liquidity, financial stability, and its ability to fund ongoing operations as well as upcoming projects. It serves as a vital tool for financial planning, decision-making, and transparency within the county's financial management framework.Mecklenburg North Carolina Balance Sheet Support Schedule — Cash Balance is a financial document that provides a comprehensive breakdown of the cash position of Mecklenburg County in North Carolina. It outlines the inflows and outflows of cash over a specific period, typically a fiscal year, and categorizes them into various segments for thorough analysis. The Cash Balance section on the Mecklenburg North Carolina Balance Sheet Support Schedule presents detailed information about the county's cash reserves, including both unrestricted and restricted funds. This section allows stakeholders to understand the financial health of the county and assess its ability to meet its financial obligations. Within the Cash Balance section, different types of Mecklenburg North Carolina Balance Sheet Support Schedule — Cash Balance may include: 1. Unrestricted Cash Balance: This refers to the portion of cash reserves that can be used freely by the county without any restrictions or limitations. It represents the immediate cash available for daily operational expenses, emergency situations, or investments. 2. Restricted Cash Balance: This includes funds that have specific restrictions imposed by external parties, such as granters or bondholders. The county must use these funds for designated purposes only, ensuring compliance with legal requirements. 3. Designated Cash Balance: Designated funds are cash reserves that have been set aside for specific purposes by the county itself. These funds are not subject to external restrictions but are reserved for future expenditures, capital projects, or other planned initiatives. 4. Committed Cash Balance: Committed funds are cash reserves that have been dedicated by the county's governing body, such as the Board of Commissioners, for particular purposes. These funds cannot be used for any other purposes without proper authorization from the governing body. 5. Cash Equivalents: Cash equivalents are highly liquid investments that can be readily converted into cash within a short period, usually three months or less. They include short-term marketable securities, treasury bills, and certificates of deposit. These are considered as part of the county's overall cash balance since they provide readily available sources of funding. By providing a detailed breakdown of the various cash balances, the Mecklenburg North Carolina Balance Sheet Support Schedule — Cash Balance enables stakeholders to assess the county's liquidity, financial stability, and its ability to fund ongoing operations as well as upcoming projects. It serves as a vital tool for financial planning, decision-making, and transparency within the county's financial management framework.
