Fund balance definition

Fund balance is the value of the Accumulation Fund, determined pursuant to Section 1.4.
Fund balance means the excess of the assets over liabilities, reserves, and contributions, as reflected by its books of account.
Fund balance means the arithmetic difference between the assets and liabilities reported in a school district fund.

Examples of Fund balance in a sentence

  • The General Fund balance is available to the District for any purpose provided it is expended or transferred according to the general laws of Ohio.

  • Fund balance is divided into five classifications based primarily on the extent to which the District is bound to observe constraints imposed upon the use of the resources in the governmental funds.

  • Restricted - Fund balance is reported as restricted when constraints placed on the use of resources are either externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments or is imposed by law through constitutional provisions.

  • Restricted – Fund balance is reported as restricted when constraints are placed on the use of resources that are either externally imposed by creditors (such as through debt covenants), grantors, contributors, or laws or regulations of other governments, or imposed by law through constitutional provisions or enabling legislation.

  • Fund Financial Statements Fund balance of the School is considered to be assigned for rent payments, as the School is a special revenue fund of the City.


More Definitions of Fund balance

Fund balance means the excess of the assets of a fund over its liabilities and reserves except in the case of funds subject to budgetary accounting where, before the end of a fiscal period, it represents the excess of the fund assets and estimated revenues for the period over its liabilities, reserves and appropriations for the fiscal period.
Fund balance means the difference between a governmental fund’s current assets (i.e., cash, short- term investments, inventories, receivables, and other unrestricted assets expected to be available to finance operations in the immediate future) and its current liabilities. A positive difference of current assets minus current liabilities gives an indication of the resources immediately available to finance ongoing operations. The Fund Balance is located on the applicant’s Statement of Operations & Changes in Fund Balance.
Fund balance means the balance of the fund after revenue and investment income has been added and expenditures have been subtracted.
Fund balance means the excess of the assets over liabilities, reserves, and
Fund balance. ’ means the sum of
Fund balance means the excess of the assets of a fund over its liabilities and reserves
Fund balance is the value of the Accumulation Fund, determined pursuant to Section 2.03.