Money Available (Needed) to Pay Bills

Source: Truth in Accounting
Latest Data: 2017
Release Timing: Following Year
Frequency: Annual
Contact: Sheila Weinberg, 312-589-5100, sweinberg@truthinaccounting.org

Money available (needed) to pay bills is the dollar amount by which the "assets available to pay bills" exceeds (falls short of) "total bills." Therefore, if the assets available exceed the total bills, it represents the surplus of funds left over after all liabilities have been covered. Otherwise, it represents the amount of money the state or city needs in order to meet its existing obligations.

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