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<br /> <br />ccounting <br /> <br />Sue Iverson <br />Finance Director <br />City of Arden Hills <br /> <br /> <br />Differences in the Go rnment and <br />Non-Profit Environment <br /> <br />. Absence of Individuals with legal claim to the excess of <br />revenues over expenses <br />. Generating net income is not the main goal <br />. Formal and restrictive budgets <br />. Resource providers (taxpayers or donors) may not <br />receive equivalent value in return for the resources <br />given <br />. Resources often have restrictions as to how or when <br />they may be used <br /> <br /> <br />. Traditional view of the equity accounts must be <br />modified <br />. Budget compliance may be more important then <br />income measurement <br />. Revenue recognition for transactions <br />. Reports must reflect the existence of restrictions on the <br />use of certain resources <br />. Non-financial performance measures are relatively <br />more important <br /> <br />1 <br />