Fund Balance
/ˈfʌnd ˈbæləns/
Definitions
- (n.) The difference between a government's assets and liabilities in governmental funds, representing resources available for spending.
The city reported a positive fund balance at the end of the fiscal year.
- (n.) An accounting measure reflecting the residual equity in fund accounting, used primarily in public sector and nonprofit financial reporting.
The nonprofit disclosed its fund balance to demonstrate financial health.
Forms
- fund balance
See also
Commentary
Fund balance classifications (e.g., restricted, unrestricted) are critical for clear government financial reporting and transparency.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.