Professional Documents
Culture Documents
Unrestricted funds
Unrestricted Fund
All
assets of a nonprofit
organization that are available for
use as authorized by the board of
directors and not restricted for
specific purposes.
1.
For example:
Hospital
.Patient
services
.Unrestricted
donations
.Unrestricted
2.
.Student
tuition fees
.Government
.Donations
grants
.Unrestricted
Illustration:
Hospital
a.
b.
190,000
hospitals, accounts receivable are collectible from a third party payor, rather than
from the patient.
. Deducted
d.
from the total service revenue to arrive at the net service revenue.
Doubtful Accounts
20,000
20,000
500,000
c.
from the total service revenue to arrive at the net service revenue
Doubtful Accounts
25,000
25,000
Contributed Materials
Contributed services
Salary Expense
xx
Contributions Revenue
3.
xx
xx
Contributed facilities
Rent expense xx
Contributions Revenue
xx
xx
xx
xx
Pledges
Pledge Receivable
xx
Contributions Revenue
xx
Classifications
Program services
Supporting services
xx
xx
Depreciation expense
Fixed assets