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What is a fund balance in the budget?

Jamison

23-09-2007 07:16

Messages: 10
Country: USA
City: Augusta

What is a fund balance in the budget?
Can anyone here clearly tell me all the stuff of fund balance??

Re: What is a fund balance in the budget?

Miller

23-09-2007 14:31

Messages: 15
Country: USA
City: Indianapolis

A Fund balance refers to the residue, which happens when real revenues go beyond budgeted revenues or when the genuine expenditures are not as much of than budgeted expenditures at the end of the fiscal year that is at June 30.

Re: What is a fund balance in the budget?

Garyson

25-09-2007 14:20

Messages: 8
Country: UK
City: London

I want to explain the fund balance with one example, assume the metropolis budgets $15 million on infrastructure next year but barely spend $14 million; there is a $1 million fund balance.

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