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Aging of contributions receivable The following represents the aging of contributions receivable for McKenzie Health Foundation for the historical years ended June 30, 2020,
Aging of contributions receivable The following represents the aging of contributions receivable for McKenzie Health Foundation for the historical years ended June 30, 2020, 2019, 2018, 2017, 2016, and 2015. Contributions receivable vary significantly by year; however, contribution revenue has been fairly stable over the five-year period. Total contributions receivable Allowance for uncollectible contributions Total contribution revenue Aging of contributions receivable Fiscal Year-End 6/30/2020 6/30/2019 6/30/2018 6/30/2017 6/30/2016 6/30/2015 $1,006,000 $1,273,000 $931,000 $1,874,000 $596,000 $465,000 30,180 38,190 27,930 65,590 20,860 18,600 21,123,000 22,064,100 20,099,500 22,117,200 21,978,800 21,654,000 0-30 days 31-60 days 61-90 days >90 days 410,000 50,000 $520,000 $376,000 26,000 426,000 471,000 $436,000 $1,474,000 $596,000 $435,000 290,000 400,000 0 30,000 205,000 0 0 0 0 0 0 0 0 $1,006,000 $1,273,000 $931,000 $1,874,000 $596,000 $465,000 a) Prepare a report showing the allowance as a percentage of receivables and receivables as a percentage of contribution revenue. Round percentages to one decimal. 6/30/2020 6/30/2019 Fiscal Year-End 6/30/2018 6/30/2017 6/30/2016 6/30/2015 Allowance as a percentage of receivables 0% 0% 0% 0% 0% 0% Receivables as a percentage of contribution revenue 0% 0% 0% 0% 0% 0% b) Prepare a report showing the percentage of receivables in each aging category. Round percentages to one decimal.
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