How_do_I_verify_cash_or_bond_balance_

How do I verify cash or bond balance?

You would verify cash or bond balances to confirm that the amounts held in trust for cash bonds or bond deposits are accurate and match the court’s financial records. This process helps identify discrepancies, missing transactions, or unresolved balances before funds are applied, refunded, forfeited, or released. Courts use balance verification to support reconciliation, ensure proper handling of trust funds, and maintain accurate financial and audit records.

Use this formula to verify the current cash/bond balance: Outstanding Cash/Bond Total = New Cash Bonds Total – Cleared, Applied, Forfeited, Refunded Cash Bond Total

 

Verifying cash or bond balance 

1. Total the new cash/bonds.

2. Total the amounts for cash/bonds that have been cleared, applied, forfeited, or refunded.

3. Subtract the amount cleared, applied, forfeited, or refunded from the total new cash bonds to find the outstanding total.

Current Month Outstanding Cash Total = Prior Month Outstanding Cash + New – Applied – Refunded – Forfeited

Prior Month Outstanding Trust Total = Prior Month Outstanding Trust – New  – FTA – Cleared

 

 

 

 

 

 

Copyright © 2025 Caselle, Incorporated. All rights reserved.

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