STATEMENT OF FUND BALANCE Definition

Bookmark and Share

STATEMENT OF FUND BALANCE is part of the Financial Statements of certain regulated entities, e.g. local, county, and state, governments. The content or configuration of the Consolidated Financial Statements normally includes a Consolidated Statement of Fund Balance along with separate Statements of Fund Balance for all authorized funds within the jurisdiction, e.g. General Operating Fund and Airport Operating Fund.

Learn new Accounting Terms

DISCOUNT is a decrease in value (often due to interest to be earned) or decrease in price.

CUSTOMS BROKER is an individual or firm licensed to process entry and clear goods into the country for another.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.