Ashford University ** NEED THIS EVENING ** PUBLIC FINANCIAL MANAGEMENT
Two discussion board questions and both seem to be all over the internet so this should not take too long to reformat
1. Restricted Funds
Do you think that a not-for-profit organizations board can release the restrictions on money in a strike fund and use it for general operations? Does it matter whether we are talking about a strike fund held by a steel workers union to pay benefits to its members during a strike, versus a fund used by a not-for-profit as a safety reserve in case its workers go on strike? .
2. Transaction Analysis
Analyze the following scenario: The Unified Path is an umbrella organization that solicits donations to support its many charitable suborganizations. One of these is the Millbridge Family Service (MFS). All transactions for MFS are handled through the MFS special purpose fund. For both the United Path general operating fund and MFS special purpose fund, show the impact of the fundamental equation of accounting of each of the following events. o Unified Path transfers cash to the MFS bank account for $50,000 for the MFS family counseling program. This is a direct subsidy to MFS. No repayment is required. o Unified Path has a bookkeeping department which assists the suborganizations with their purchase of insurance, supplies, payroll, and other items. This centralized approach is less expensive than if each part of the larger organization had its own bookkeeping staff. Unified o Path charges MFS $400 for bookkeeping services for the month. No payment is made at this time. MFS borrows $20,000 from Unified Paths general fund to meet a current operating shortfall. MFS will repay this loan from money received from charges to its clients within six months.