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The Importance of Operating Reserves
Apr 1, 2011
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“What is an operating reserve, and why does every nonprofit need to address this issue?” In this issue of Accounting and Audit Advisor, Gelman, Roseberg & Freedman’s Amy Boland provides advice on the importance of nonprofit operating reserves as well as how nonprofit boards can determine the most appropriate size of reserves for their organizations.
Included in this article is a comparison between operating reserves and other unrestricted funds, the factors nonprofit boards and executives should consider when making decisions about their operating reserves, and the effects operating reserve levels can have on fundraising capabilities.
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.