Available Cash is calculated by subtracting Outstanding Liabilities and Pending Grants from Available Assets.
Outstanding Liabilities - defined as the current sum of liabilities in the fund.
Pending Grants - defined as the total of any recommended or pending grants on the fund that are unposted and waiting approval.
Available Assets - calculated by multiplying the balance in each Asset account by the Available For Cash percentage defined in the asset account.
For example, let’s assume that a Fund has these assets:
Checking Account: $1000 @ 100% Available Cash
Investment Pool: $1000 @75% Available Cash
Pledges Receivable: $2000 @ 0% Available Cash
The fund has a total of $4000 in assets, so the Available Assets would be $1750.