- Article Type: General
- Product: Voyager
How are a fund's Available Balance and Cash calculated?
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.
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