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.
Electric Water Heater. On average, it takes an electric heater twice as long to heat up than natural gas. It would take around 60-80 minutes for a new 40-gallon tank to gain 60 degrees, and even longer for a larger capacity tank to adequately replenish.