GRF News

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. 

Learn more about our nonprofit audit services. 

For the past 12 years, the accounting firm of Gelman, Rosenberg & Freedman has consistently provided the Chesapeake Bay Foundation (CBF) with superior services.  The Gelman, Rosenberg and Freedman team, led by partner Terri McKnight, is knowledgeable about the nuances of the nonprofit industry, as well as attentive and thorough in their responses to any questions and concerns.

Fay Nance |  Chief Financial Officer
Chesapeake Bay Foundation