PPT-Fund Balance Discussion and Analysis

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. Implementation. Presented By. : Steve . Mattern. , Debbie . Riedmiller. , and Kim Sloan. Overview of Presentation. Background & Objective of GASB 54. Applicability and Effective Date. New Fund Balance Classifications. 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 . 2012 Annual Conference. Implementing GASB 54 . (Fund Balance Reporting). Presentation by. Gregory S. Allison, CPA. UNC School of Government. Why Change?. Traditional focus of fund balance components on . October . 2, 2012. Presented by:. Ron Bennett. President and CEO. School Services of California, Inc.. California’s Education Spending. Continues to Lag. Money Matters in Student Performance. California’s Spending Lags the Nation. with Board of Supervisors. October 8, 2013. Agenda. Review FY13. Revenue / Expenditure Summary and Analysis. Fund Balance Discussion Revenue Outlook. FY 14 Budget Variances. FY 13 Assignment of Fund Balance / FY 14 Budget Amendment. 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. Presented by. Gregory S. Allison, CPA. Teaching Professor. UNC School of Government. Policy Practices. Typical recommended policies. Cash management. Debt . management –TODAY’S FOCUS. Audit procurement. 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.. “The only thing worse than being blind is having sight but no vision.”. Helen Keller. GENERAL FUND. Projected Beginning Balance $ 2,500,000. Projected Revenues $ 25,298,355. Projected Expenditures . 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 .