If the new entity is a public entity, as defined in paragraph 3(w) of this Statement, the following supplemental pro forma information: (1) If the merger occurs at other than the beginning of an annual reporting period and the entity's initial financial statements thus cover less than an annual reporting period, the following information for the current reporting period as though the merger date had been the beginning of the annual reporting period: (a) Revenue (b) For an entity subject to the health care Guide, the performance indicator (c) Changes in unrestricted net assets, changes in temporarily restricted net assets, and changes in permanently restricted net assets.
Temporarily restricted net assets of $0 and $17 were released from donor restrictions through distribution of doctoral scholarships satisfying the program restrictions as of April 30, 2009 and 2008, respectively.
As a result of this change, the portion of donor-restricted endowment funds that is not classified as permanently restricted net assets must now be classified as temporarily restricted net assets (time restricted) until appropriated for expenditure by the organization.
The additional bonds test requires the ratio of available funds plus pledges due within one year be at least 100% of the sum of bonds outstanding plus the additional bonds and the ratio of unrestricted net assets plus temporarily restricted net assets to be at least 110% calculated on a quarterly basis.
Temporarily restricted net assets of $17 and $30 were released from donor restrictions through distribution of doctoral scholarships satisfying the program restrictions as of April 30, 2008, and 2007, respectively.
This standard requires that the net assets of the Society be reported in the following three classes: (a) unrestricted net assets, (b) temporarily restricted net assets and (c) permanently restricted net assets.
Financial statement presentation: The Association is required to report information regarding its financial position and activities in three classes of net assets: unrestricted net assets which have no donor-imposed restrictions, temporarily restricted net assets which have donor-imposed restrictions that will expire in the future, and permanently restricted net assets which have donor-imposed restrictions which do not expire.
Instead, these losses reduce temporarily restricted net assets to the extent that donor-imposed restrictions on net appreciation have not been reached before the loss occurs.
