Examples of Unrestricted Net Assets in a sentence
As the funds are used in the agreed-upon activities, IICA recognizes simultaneously an income for funds released from restrictions and an expense of Trust Funds in the Statement of Activities of Unrestricted Net Assets.
As of June 30, 2008, the amount of restricted net assets due to enabling legislation was approximately $281,562.• Unrestricted Net Assets consist of net assets that do not meet the definition of Invested in Capital Assets, Net of Related Debt or Restricted Net Assets.
Financial Statement Presentation The financial statements report net assets and changes in net assets in three classes that are based upon the existence or absence of restrictions on uses that are placed by its donors, as follows: • Unrestricted Net Assets – Unrestricted net assets are resources available to support operations.
Unrestricted Net Assets This category represents the net assets of the City that are not externally restricted for any project or other purpose.
Nonexpendable assets are those which are required to be retained in perpetuity.3) Unrestricted Net Assets – These assets do not meet the definition of the previous two classifications.