The result is that the fund balance you see in the financial statements may not mean what you think it means. Fund Balance Basics. Most simply, fund balance is the difference between assets and liabilities in a governmental fund.
Best Answer: It all depends on the condition of the oven elements and the condition of the other electrical components. As they age, they break down and it takes longer and longer to preheat. I would say, for a new stove, maybe 10 minutes. For an old stove it may be 15 - 20 minutes.
If your oven is lightweight, flimsy or drafty, it may be as hot as it's going to get the moment the preheat alert goes off. 45 minutes is probably a lot more preheat than you'll need in almost any case. In some cases even 15 minutes is more than you need. It really depends on your oven and what you're putting in.