Definitions for "FUND BALANCE"
The fund balance is calculated by taking revenues less expenditures and adjusting for any revenues or costs that have occurred, but have not yet recorded on the budget (accruals).
The accumulated carry forward balance (positive, negative) in an activity.
The equity of a fund (the difference between assets and liabilities).
The unencumbered cash remaining in a fund at the end of a specified time period, usually the end of the fiscal year.
The portion of Fund Equity available for appropriation.