Hughey's Debits & Credits: Bookkeeping. Payroll. Taxes.

All posts tagged unrestricted funds

Your mission is to serve the community. Without money, you cannot achieve this goal.  You work hard to be awarded grants for your organization, and your mission is going great!

Fast forward in time to where the State is late reimbursing you on the funds you spent for the grants last month. Due dates for your organization’s bills are getting close and still no reimbursement. As an Executive Director or Board Member, you want to achieve your organization’s mission so you move some money around to ensure that the bills are paid and everything continues to flow as smoothly as possible.

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