PPT-ACERS March 2018 Update Fund Balance

Net Performance 1 Asset Allocation Allocation vs Benchmark 2 1 Periods greater than 1 year are annualized 2 Fixed IncomeCash 39 BC Universal 15 BC TIPS 2 TBills Equity US 40 Ru3000 Intl 175 . Presented by. Donna Denker, CPA. Donna Denker & Associates. Discussion:. 1.) Brief description of fund balance reporting prior to GASB 54. 2.) Outline of the new requirements. 3.) Effective Date. Reporting . Requirements. Marcia Taylor, CPA, CGFM. William McKain, CPA. Pennsylvania Association of School Business Officials March 17, 2011. Need for the Project. Fund balance – widely recognized as one of most used elements in financial statements. April 30, 2012. 1. Current Budget and Practices. 2. Fund Balance and Expense Trend. without. State Cash Flow Coverage. 3. 5 Year Fund Balance Summary. 4. Assumptions included in previous charts. All revenue received is expended . Joseph J. Welch, CPA Partner. Purvis Gray & Company LLP. Sarasota, Florida. GASB #54, paragraph 55. ……. . Those users want to know about the character of residual amounts. They want to know the extent to which the use of amounts reported in governmental funds is constrained and how binding those constraints are. Are they enforceable by parties external to the government? Does the government itself have the ability through some specified level of due process to remove or modify the constraints? Or are they less-binding or even nonbinding constraints that are simply indications of management's intent to use resources for specific purposes, with management having the power to change their intentions through a less rigorous process? . FY 2017 Budget Work session. Use of Fund . Balance. Tax . Rate: each penny generates approximately $126,000 in revenue. Minimum Local Effort for School Funding. Topics of Discussion. Reduction of Minimum Local Effort . June 14. ,. 2011. Agenda. Review, Methodology & Examples of Fund Balance Classifications. Fund Balance Policies vs. Stabilization Policies. Restricted – Stabilization by State Statute. Review & Examples of Fund Type Classifications. NSRP Joint Panel Meeting. Electrical Technologies. Panel. Surface Prep . & Coatings. . Panel. Agenda. Thursday, March 29, 2018 . (General Session). Time. Presentation. Speaker. 8:00. Convene Meeting – Begin VTC – Joint Session. 2012 . 2. Acers Fastpitch . 2012 . Recruiting Process Realities . Full Ride scholarships are very limited (< 1%) . Schools & Coaches get literally 100 emails a day . The Head Coach rarely looks at the emails themselves . March, 2015. Fund Codes and Types. A Fund identifies a particular pool of money. Coded within a fund is the source of the fund (institutional, federal, etc.) and whether that pool of money is restricted or unrestricted.. 1 Recruiting 101 Acers Fastpitch 2012 2 Acers Fastpitch 2012 Recruiting Process Realities Full Ride scholarships are very limited (< 1%) Schools & Coaches get literally 100 emails a day Community Services Prag IDs LBR 903/NA Report on Non-General Fund Information for Submittal to the 2019 Legislature Contact Name Danielle Guthrie Phone 808-586-3956 Name of Fund Fund type MOFN A Introduction. Fund Balance Presentation in the Governmental Funds:. On the Income Statement - Fund Balance is comprised of the Excess (Deficiency) of Revenues Over Expenditures for the Fiscal Year combined with the Beginning Balance of Fund Balance. using fund 2556 for exhibit purposes. Budget . Balance: . From Commitment Control. Cash . Balance:. From General Ledger. . Month End Balance:. From Cash Balance Report. To generate a fund balance report showing contingent and firm balance similar to the DAFR8101 . Fund Balance. Net Performance. (1). Asset Allocation. Allocation vs. Benchmark. (2). (1). Periods greater than 1 year are annualized. (2) . Fixed Income/Cash: 39% BC Universal, 1.5% BC TIPS, 2% T-Bills; Equity: US: 40% Ru3000; Int’l: 17.5% .