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Fund balance: General Fund (1001)

General Fund (1001)

Fund balance

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What each category means, and why one can be below zero: What makes up a fund balance?

June 30, 2026, Pre‑Audit

CategoryAmount
Nonspendable$204,443
Prepaid items (bills paid before June 30 for later service)$168,465
Prepaid HRA claims (health reimbursement arrangement)$32,228
Prepaid HCRA claims (health care reimbursement account)$1,931
Prepaid DCRA claims (dependent care reimbursement account)$40
Prepaid items, Arbiter$1,779
Restricted–
Committed–
Assigned–
Unassigned$342,727
Total fund balance$547,170

Board policy

The Mt. Ascutney School Board has not adopted a fund balance policy.

At June 30, 2026 the fund balance of $547,170 was 3.61% of that year's spending: about 1.9 weeks of operations.

Fund balance as a share of spending, FY22 to FY28

General Fund fund balance as a share of spending Line chart of the General Fund ending fund balance as a share of the year's spending, FY22 to FY28. FY22 actual: 5.03%; FY23 actual: 3.48%; FY24 actual: 4.27%; FY25 actual: 0.73%; FY26 actual: 3.61%; FY27 budget: 3.29%; FY28 budget: 3.32%. 0% 2% 4% 6% FY22 FY23 FY24 FY25 FY26 FY27 FY28 5.03%3.48%4.27%0.73%3.61% Actual, FY22: 5.03% Actual, FY23: 3.48% Actual, FY24: 4.27% Actual, FY25: 0.73% Actual, FY26: 3.61% 3.29%3.32% Budget (planned), FY27: 3.29% Budget (planned), FY28: 3.32% Actual Budget (planned) General Fund fund balance as a share of spending Line chart of the General Fund ending fund balance as a share of the year's spending, FY22 to FY28. FY22 actual: 5.03%; FY23 actual: 3.48%; FY24 actual: 4.27%; FY25 actual: 0.73%; FY26 actual: 3.61%; FY27 budget: 3.29%; FY28 budget: 3.32%. 0% 2% 4% 6% FY22 FY23 FY24 FY25 FY26 FY27 FY28 5.03%4.27%3.61% Actual, FY22: 5.03% Actual, FY23: 3.48% Actual, FY24: 4.27% Actual, FY25: 0.73% Actual, FY26: 3.61% 3.32% Budget (planned), FY27: 3.29% Budget (planned), FY28: 3.32% Actual Budget (planned)
YearEnding fund balanceSpendingShare of spendingWeeks of operations
FY22 actual$610,460$12,143,1275.03%2.6
FY23 actual$448,203$12,883,0013.48%1.8
FY24 actual$578,128$13,531,5154.27%2.2
FY25 actual$107,629$14,727,9070.73%0.4
FY26 actual$547,170$15,176,2323.61%1.9
FY27 budget$547,170$16,624,8523.29%1.7
FY28 budget$547,170$16,499,5823.32%1.7

Fund balance by category, FY22 to FY26

CategoryFY22AuditedFY23AuditedFY24AuditedFY25AuditedFY26Pre‑Audit
Nonspendable$1,020$3,482$6,233$8,980$204,443
Restricted–––––
Committed–––––
Assigned––$434,138$98,649–
Unassigned$609,441$444,721$137,755–$342,727
Total fund balance$610,461$448,203$578,126$107,629$547,170

Sources: ERP year-end balance sheet, June 30, 2026, before the audit, for the categories and the FY26 balance; audited financial statements for FY22 to FY25; FY28 Budgets sheet, MASD-GF tab, for spending and the planned FY27 and FY28 balances. Weeks of operations = fund balance ÷ (the year's spending ÷ 52).