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.
1 Be sure you are waiting long enoughâit can take from 15 to 20 minutes to heat the oven to 350Â°F. 2  Keep the door closed during preheat to minimize the time required.  If your oven has a hidden heat element (where the heating element is hidden under the floor of the oven), it may take longer to preheat.