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.
This light is usually next to the oven temperature dial. 1  Most ovens take 10 to 15 minutes to heat up to the right temperature.  If you have an older oven, you may not have a dial with the different temperatures written on it; you may just have an on-off switch.