Skip to main content
ExLibris
  • Subscribe by RSS
  • Ex Libris Knowledge Center

    How are a fund's Available Balance and Cash calculated?

    • Article Type: General
    • Product: Voyager

    Description:
    How are a fund's Available Balance and Cash calculated?

    Resolution:
    1. The Available Balance is the Net Allocation less what you are planning on spending (Total Commitments) and what you have actually spent (Total Expenditures).
    Net allocations - (Total Commitments + Total Expenditures) = Available Balance

    2. Available Cash is what you really have to spend. You have actually spent what is logged in the Total Expenditures so ...
    Net allocations - Total Expenditures = Cash.

    Example:
    Net Allocations = 33,055.00
    Total Commitments = 27,797.04
    Total Expenditures = 11,951.95
    Available Balance = (6693.99)
    Cash = 21103.05

    Net Allocations - (Total Commitments + Total Expenditures) = Available Balance so:
    33055.00 - (27797.04 + 11951.95) = -6693.99

    Net Allocations - Total Expenditures = Cash, so:
    33055.00 - 11951.95= 21103.05


    • Article last edited: 3/19/2015
    //Feedback