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What is my responsibility when it comes to donor restricted funds?
What is my responsibility when it comes to donor restricted funds?
It is the responsibility of each department to:
Know the purpose of restricted funds pertaining to their department and any special restrictions or requirements associated with the funds.
Monitor all departmental expenses for items that can be utilized to meet the restrictions placed upon these restricted funds so that the funds can be released from restrictions.
On at least an annual basis, review why any restricted funds are not being spent. All restricted funds are required to be spent within a reasonable time frame.
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Check out this article I found in the Client Portal knowledge base.<br /><br /><a href="https://sju.teamdynamix.com/TDClient/1942/Portal/KB/ArticleDet?ID=135032">https://sju.teamdynamix.com/TDClient/1942/Portal/KB/ArticleDet?ID=135032</a><br /><br />What is my responsibility when it comes to donor restricted funds?