nonprofits

eers Board members Donors and partners Community members Gather input and foster support for the move to ensure a positive transition. 5. Managing Operations During Transition Develop contingency plans to handle: Disruption to programs or servi

y Restricted Net Assets $50,000 When expenses are incurred (assuming $20,000 spent): Debit Program Expenses $20,000 Credit Cash $20,000 Release of restrictions: Debit Temporarily Restricted Net Assets $20,000 Credit Unres