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Audit Partner Publishes Nonprofit Operating Reserves Article for Greater Washington Society of CPAs
Aug 23, 2012
Amy Boland, CPA, nonprofit audit partner at Gelman, Rosenberg & Freedman, published “The Importance of Operating Reserves for Nonprofits” on the Nonprofit Accounting Basics website, which is hosted by the Greater Washington Society of CPA’s Education Foundation.
The article discusses the significance of operating reserves for nonprofits, which can be used in the unanticipated event of significant unbudgeted increases in operating expenses or reductions of operating revenues. Ms. Boland provides advice on the factors nonprofit boards and executives should consider when making decisions about their operating reserves and how to determine the most appropriate size of reserves for their organizations.
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The rules and regulations in the Government Contracting industry are complex and Judy Lasley does an excellent job of educating me on how to wisely calculate, set and defend rates, as well as the long-term consequences of choosing the wrong rates.
John Cates | President and Chief Executive Officer
Global Intelligence, Inc.