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.
Re: how long do you preheat oven as stated in recipies. Normally about ten minutes. Some recipes instruct you to turn the oven on before you even start, and I sometimes find this excessive. It should be ok for meat, but for a pie, for example, I turn the oven on when the pastry's ready for rolling out.