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Opening Balance

Sometimes referred to as the "Starting Balance". 

The accrued funds balance in the operating fund or reserve fund at the beginning of a fiscal year, calendar year or study period.  

The opening balance is a critical piece of information that serves as a variable for the financial analysis in a reserve study.

The opening balance typically appears on the first line in a cash flow table (see figure).

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Fig. Opening balance on a cash flow table.

See also:
Compare with:

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Fig. Cash flow table indicating the relationship between opening and closing balances.


I. Care is trying to ensure that inflows match outflows, but this requires cooperation and teamwork
Fig. I. Care is trying to ensure that inflows match outflows, but this requires agreement on long-range stewardship, cooperation and teamwork.

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