Unrestricted Cash on Hand = (Cash + Cash Equivalent - Total Funds in Restricted Programs) x 365 / (Total Operating Expenses - Annual Depreciation Expense)
Target: ≥ 30 days
Definition: How long, in days, the school could meet their operating expenses without receiving new income.
Data Source:
Cash and Cash Equivalents: statement of net position
Cash Equivalent: statement of net position
Total Operating Expenses: statement of activities
Annual Depreciation: notes to financial statements
Total Funds in Restricted Programs are restricted funds that are entered in to reflect the decrease in cash.
