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Cash Balances as of June 30 are calculated by taking

July 1 Cash Balance
+ Fiscal Year Receipts
– Fiscal Year Expenditures
– Current Cash Encumbered
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June 30 Cash Balance.  

The June 30 cash balance has to equal the new fiscal years July 1 Cash balance. Example June 30 Cash Balance for FY2011 = 100,000 then July 1 Cash Balance for FY2012 = 100,000.