Page 9 - Non-Profit Finance

FS Statement of Functional Expenses

• Explain expenses by their function (program, management, fundraising)

• Explain expenses by their category (program, management, fundraising)

Notes Notes to the Financial Statements

• “Call footnotes”

• Additional information pertaining to the operations

BA Budget Statements

• Explain budget vs actual

• Assist with forecasting

• Helps identify problems

• (Not part of the financial statement series)