Not for Profit Analysis
Q: Please clarify where we can see the funds moved from restricted to unrestricted funds for United Way of Atlanta.
A: In the “Temporarily Restricted” column in the 2015 Statement of Activities, all positive amounts represent temporarily restricted assets that are used as designated in 2015, i.e., assets moved from temporarily restricted to unrestricted. In 2015, the two amounts so designated summed to $18,281M or $3,677M + $14,604M.
There is a very small discrepancy between information in the Statement of Activities and information in Footnote 5. The amount of temporarily restricted assets released in 2015 according to the Statement of Activities was $2M + $19,201M = $19,203M rather than $19,201M as stated in Footnote 5, which means new temporarily restricted assets in 2015 must be $18,279M if the beginning and ending balances of these assets were to match information in Footnote 4. However, as noted above, the Statement of Activities reports new temporarily restricted assets of $18,281M, rather than $18,279M. The result is unaffected by these two small offsetting amounts in that the ending 2015 balance of temporarily restricted assets remains at $20,618M as reported in Footnote 4.
Course overview: Not for Profit Analysis