Friday, March 18, 2011

Easter Baskets for the Chilfdren

During a recent meeting I requested from a collective non profit organization a small $ 75 donation for a favorite sub-recipient to help her prepare 200 Candy Easter Baskets for children under 12. I am part of this select organization and know their accounting system of funds their own internal functions. The general rule for cooperative non-profit is to expend all funds available on expenditures before the end the fiscal year. The general fund for this collective has their own special funding established and budgeted with reserve money for their perpetual activities. However, there was a small excess to be appropriated for requests for unreserved activity. When tax issues leaves unreserved excesses to be expended I try to submit a valued charity with as much pleasurable persuasion as possible. I was appropriated this reasonable request but found that generally there is a committee to check out every detail before any encumbrances are granted for an allotment of funds.

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