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NFP Accounting (Non-governmental Hospitals F/S (similar to a private…

- - - - With Donor Restrictions
        
        No more subclassifications
        
        Only nature of restrictions are disclosed
      - Without Donor Restrictions
  - - - only deduct from UNRESTRICTED revenues
      - Reports
        
        Functional Expense Classification
        
        Groups by Purpose
        
        Program Services
        
        Support Services
        
        Natural Expense Classification
        
        Groups by Economic Benefits
        
        Salaries
        
        Rent
        
        Utitliies
        
        Supplies
  - - - Direct
      - Indirect
    - - Unrestricted Revenues and Expenses
    - - Endowments
      - Restricted Contributions
  - - - Ability of organization to meet short term cash expenditures
- - - - Not the year contributions were spent
    - - If it adds value to assets
      - Would have to pay for it otherwise
    - - Disclosed in notes to F/S only
    - - Current year only
        Future years fall under restricted
      - Expenses ONLY deduct from Unrestricted Revenues
- - - - Dr. Cash - RA 500
        Cr. Contributions 500
    - - Dr. Reclass 500
        Cr. Cash - RA 500
        Dr. Cash - Unrestricted 500
        Cr. Reclass 500
    - - Dr. Expense 500
        Cr. Cash - Unrestricted 500
- - - - FV of Funds
      - Original Gift amount
      - Funding Level
      - Deficiency Amount
      - Governing Board Policies