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. Investment Strategy This Fund invests principally in incomeproducing 64258oatingrate loans and 64258oatingrate debt securities Under normal circumstances this Fund generally invests at least 80 of its assets in 64258oatingrate loans and 64258oatingr 2 Fund launch date January 1994 NAV price 60 MidPrice 54 Discount to NAV 1040 Listing London SE Min Investment NA Min Subsequent Inv NA Management Charges Annual 08 Performance Fee Year end 30th September ISIN GB0032273343 Bloomberg Code BEE LN Lipp 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. Agenda. Provide a brief overview of GASB Statement No. 54 “Fund Balance Reporting and Governmental Fund Type Definitions”. Governmental Fund Types. Fund Balance Categories. Discuss Implementation in Iowa School Districts. What are fund balances? . Why does _____ ISD maintain a fund balance in the General Fund?. Why is Discussion of District Fund Balances Timely?. The State Legislature Convenes on 1/11/2011. State lawmakers estimate a deficit of $18b.+. 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. Low notes. Middle notes. High notes. Low instr.. (tuba, . bs. . . clar. ., . bari. sax). Middle inst.. (. t-bone. , . t.sax. ). High inst.. (ft., cl., . trpt. .). Band Balance. 3. rd. Part. Loudest. 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. The ability to maintain equilibrium against force of gravity.. Static. &. . Dynamic. Two Types…. Static. This is the ability to maintain equilibrium while stationary.. Examples:. Assuming the position to shoot a rifle. 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. For e.g. Loans given to borrowers and securitisation . Securitisation enables banks to remove loans from balance sheets and transfer the credit risk associated with those loans. The former i.e. loans are indicated on asset side of the balance sheet whereas securitised loans are represented off the balance sheet.. FORMAT OF A TRIAL BALANCE . Trial Balance as on (DATE). ITEMS RELATED WITH THE PREPARATION OF TRIAL BALANCE. The balance of payments is a consolidated account of the receipts and pay­ments from and to other countries arising out of all economic transactions during the course of a year.. In the words of C. B. .