| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
|---|---|---|---|---|---|
| #6842 | Closed | public | Multifamily |
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I have a nonprofit HUD client that received a $100k temp restricted cash donation from an individual. The cash was not fully expended by the HUD’s year end. What balance sheet accounts should be used so the remaining temp restricted cash is not included in the surplus cash calculation? |
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From Les Sparks: I would likely include these amounts in account 1330 – Other Reserves with a good description of why they are there. DO not include these in 1120 or in the cash flow as cash. |
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