Guidelines for Estimating Beginning Balance Accounts
It is important to note that this amount will not reside in MAP as a revenue budget or any other type of budget value. Not until the old year closes and the ending balance (net of assets and liabilities) for the old year is final will this value be obtainable from MAP. This is possible because the ending balance for the old year at that point is a historical value and no longer an estimate.The old year ending balance becomes the new year Beginning Balance.
Each unit that is a Fund Owner of one or more Non-centrally Controlled Funds will receive, in a separate distribution, a worksheet to be used in anticipating the FY beginning balance for each owned fund. Detailed instructions will accompany the worksheet at that time.