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GAAP For Non-Profits › General Reporting Matters

Fund Accounting - Two Funds, One Trial Balance

Here is the combined trial balance for SpringTime’s operating and capital funds. You’ll notice the only difference from the trial balance we presented without fund accounting is that we now have two fund balances shown as opposed to a single net asset balance.

SpringTime
Trial Balance (All Funds) - Deferral Method
December 31, 1999

  Dr Cr
Bank - operating account 350  
Contributions receivable 100  
Flower Pin inventory 300  
Accounts payable   100
Deferred contributions-Spring Fling   200
Opening balance - Operating Fund   15
Flower Pin revenue   450
Flower Pin cost of sales 150  
Spring Fling contributions recognized   500
Unrestricted contributions   100
Administration 65  
Spring Fling expenses 400  
Bank - capital account 150  
Capital assets 2000  
Accumulated amortization   800
Bank loan - current portion   130
Bank loan   500
Deferred capital contributions   400
Opening balance - Capital Fund   435
Capital contributions recognized   50
Amortization 100  
Interest expense 65  
  3680 3680

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