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3frbud12.p 05.14.10.00.08010161 EDMONDS SCHOOL DISTRICT NO. 15 ASB Fund Balance Report (Date: 8/2014) Beginning PASS 097 Balance 4:06 PM 02/17/15 PAGE: 1 Ending Revenues Transfers Expenditures 5,569.94
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How to fill out asb fund balance report
How to fill out an ASB fund balance report:
01
Start by gathering all the necessary financial information related to your ASB fund. This includes receipts, invoices, bank statements, and any other relevant documents.
02
Organize the information in a clear and systematic manner. Use categories such as income, expenses, cash on hand, and bank balances to ensure all aspects of your ASB fund are accounted for.
03
Calculate the total income received during the reporting period. This may include funds from fundraisers, donations, or any other source of revenue for your ASB fund.
04
Deduct the total expenses incurred during the reporting period. This can include expenditures for events, supplies, or any other expenses related to the functioning of your ASB fund.
05
Subtract the total expenses from the total income to determine the net income of your ASB fund for the reporting period.
06
Record the cash on hand at the beginning and end of the reporting period. This can be the physical cash you have available in your ASB fund account or any other liquid assets.
07
Add any interest earned or bank balances to the cash on hand amount. This will give you the total available funds in your ASB fund.
08
Prepare a summary of the ASB fund balance report, including all the relevant figures and details. This summary should be concise and easy to understand.
09
Review and double-check all the calculations and information entered in the report to ensure accuracy.
10
Submit the completed ASB fund balance report to the appropriate authority or relevant stakeholders, such as the school administration or board members.
Who needs ASB fund balance report:
01
School administrations require an ASB fund balance report to monitor the financial health and activities of the ASB fund.
02
Board members or governing bodies overseeing the school's ASB fund need this report to make informed decisions and allocate funds accordingly.
03
Auditors or financial experts may request the ASB fund balance report as part of their evaluation of the school's financial management practices.
04
The ASB club or student organization responsible for managing the fund must maintain this report to keep track of income, expenses, and overall financial performance.
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What is asb fund balance report?
The ASB Fund Balance Report is a financial statement that provides information on the funds held by an Associated Student Body (ASB) organization.
Who is required to file asb fund balance report?
Any organization that manages funds on behalf of students, such as student government or clubs, may be required to file an ASB Fund Balance Report.
How to fill out asb fund balance report?
To fill out an ASB Fund Balance Report, organizations must detail all funds received and spent during a certain period, along with any remaining balances.
What is the purpose of asb fund balance report?
The purpose of an ASB Fund Balance Report is to provide transparency and accountability regarding the management of student funds.
What information must be reported on asb fund balance report?
The report typically includes details on revenue sources, expenses, and fund balances for the reporting period.
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