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