BUDGETING AND FINANCIAL MANAULI SLE 817 A Nonprofits Accounting Transactions Description 1 - 11110 1 - 11112 1 - 11113 1 - 11200 1 - 11201 1 - 11310 1 - 11320 1 - 11330 1 - 12110 1 - 12111 1 - 12210 Cash-Operating Cash-Payroll Punty Cash Cash-Money Market-Restricted Govt. Grants Receivable Govt. Grants Receivable--Restricted Foundations Receivable Corporations Receivable Individuals Receivable Debit $52,000 $3,457 $50 $25,000 $50,000 $10,000 $20,000 $5,000 $7,500 $100,000 $80,000 $10,000 $6,000 $250,000 Facility Facility-Accum. Dep. Equipment Equipment-Accum. Dep. Long-Term Investments Accounts Payable Accrued Salary Deferred Revenue Facility Loan Fund Balance-Unrestricted Fund Balance-Temp. Rest. Fund Balance-Perm. Rest. Federal Grants (Program Inc.) 1 - 12211 1 - 13110 1 - 21110 1-21111 1 - 21210 1 - 21410 1 - 31110 1-31112 1 - 31113 1 - 41110 1 - 41111 1 - 41210 1 - 41211 1 - 41210 1 - 41510 1 - 51110 1 - 51111 1-51112 1-51210 1 - 51310 1 - 51311 $35,175 $2,500 $5,000 $20,000 $149,332 $35,000 $200,000 $400,000 $300,000 $720,000 $125,000 $185,000 $10,000 State Grants (Program Inc.) Foundation Contributions Corporation Contributions Individual Contributions Investment Income-Op. Salaries - Management Salaries-Saft Salaries Other Payroll Taxes Health Insurance Disability Insurance $300,000 $700,000 $100,000 $67.000 $200,000 $25,000 Financial Tools for Informed Decision Making Account # Credit Description Program Services Depreciation Facility Depreciation Equipment Custodial Costs 1 - 51410 1 - 51411 1 - 51412 1 - 51413 1 - 51414 1 - 51417 1 - 51420 1 - 51421 1 - 51422 Debit $200,000 $10,000 $1,000 $110,000 $1,000 $6,500 $1,500 $4,000 Interest Supplies-Admin. Legal Fees Accounting Fees Miscellaneous Total $14,000 $2,273,007 $2,273,007 ASSIGNMENTS For all three of the following assignments, use the accounting transactions pro- vided in Table 8.17. ASSIGNMENT 8.1. CREATING A STATEMENT OF FINANCIAL POSITION Create a statement of financial position as of December 31, 2009, with the three net asset classes displayed. ASSIGNMENT 8.2. CREATING A STATEMENT OF ACTIVITIES Create a statement of activities for the period January 1, 2009, through Decem- ber 31. 2009. Use major revenue and expense categories only. BUDGETING AND FINANCIAL MANAULI SLE 817 A Nonprofits Accounting Transactions Description 1 - 11110 1 - 11112 1 - 11113 1 - 11200 1 - 11201 1 - 11310 1 - 11320 1 - 11330 1 - 12110 1 - 12111 1 - 12210 Cash-Operating Cash-Payroll Punty Cash Cash-Money Market-Restricted Govt. Grants Receivable Govt. Grants Receivable--Restricted Foundations Receivable Corporations Receivable Individuals Receivable Debit $52,000 $3,457 $50 $25,000 $50,000 $10,000 $20,000 $5,000 $7,500 $100,000 $80,000 $10,000 $6,000 $250,000 Facility Facility-Accum. Dep. Equipment Equipment-Accum. Dep. Long-Term Investments Accounts Payable Accrued Salary Deferred Revenue Facility Loan Fund Balance-Unrestricted Fund Balance-Temp. Rest. Fund Balance-Perm. Rest. Federal Grants (Program Inc.) 1 - 12211 1 - 13110 1 - 21110 1-21111 1 - 21210 1 - 21410 1 - 31110 1-31112 1 - 31113 1 - 41110 1 - 41111 1 - 41210 1 - 41211 1 - 41210 1 - 41510 1 - 51110 1 - 51111 1-51112 1-51210 1 - 51310 1 - 51311 $35,175 $2,500 $5,000 $20,000 $149,332 $35,000 $200,000 $400,000 $300,000 $720,000 $125,000 $185,000 $10,000 State Grants (Program Inc.) Foundation Contributions Corporation Contributions Individual Contributions Investment Income-Op. Salaries - Management Salaries-Saft Salaries Other Payroll Taxes Health Insurance Disability Insurance $300,000 $700,000 $100,000 $67.000 $200,000 $25,000 Financial Tools for Informed Decision Making Account # Credit Description Program Services Depreciation Facility Depreciation Equipment Custodial Costs 1 - 51410 1 - 51411 1 - 51412 1 - 51413 1 - 51414 1 - 51417 1 - 51420 1 - 51421 1 - 51422 Debit $200,000 $10,000 $1,000 $110,000 $1,000 $6,500 $1,500 $4,000 Interest Supplies-Admin. Legal Fees Accounting Fees Miscellaneous Total $14,000 $2,273,007 $2,273,007 ASSIGNMENTS For all three of the following assignments, use the accounting transactions pro- vided in Table 8.17. ASSIGNMENT 8.1. CREATING A STATEMENT OF FINANCIAL POSITION Create a statement of financial position as of December 31, 2009, with the three net asset classes displayed. ASSIGNMENT 8.2. CREATING A STATEMENT OF ACTIVITIES Create a statement of activities for the period January 1, 2009, through Decem- ber 31. 2009. Use major revenue and expense categories only
