1 / 7

Reading Endowment Fund Financial Statements

Reading Endowment Fund Financial Statements. *Use keyboard arrows to view*. Endowment Fund Reporting . Enhances the reporting of endowment fund financial information for departmental administrators

sdominique
Download Presentation

Reading Endowment Fund Financial Statements

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Reading Endowment Fund Financial Statements *Use keyboard arrows to view*

  2. Endowment Fund Reporting • Enhances the reporting of endowment fund financial information for departmental administrators • Other reports, available in Vista Plus, complement the endowment fund reports by providing transaction level detail in support of account balances • Monthly Accounts Payable Distribution • Year-to-date Accounts Payable Distribution • Gross Job Distribution • Telephone detail available from Pinnacle • If you or your staff do not currently have access to Vista Plus or Pinnacle please complete a service request

  3. Endowment Fund Reports in Vista Plus • Summary Balance Sheet • Summary Income Statement • Budget Variance Report

  4. Shows investment market value of fund by net asset class for current year and displays overall beginning balance Cash Balance represents difference between endowment payout less expenditures changed to fund Line items are available for loan receivable balances if applicable. Change in Total Assets equal to Net Change on Summary Income Statement

  5. Shows all revenues and expenses of fund for fiscal year Net Change is equal to Change in Total Assets on Summary Balance Sheet

  6. Shows budget and actual for spendable revenues and expenditures of endowment fund for current month and fiscal year-to-date Spendable Revenues represent endowment payout and net assets released from restriction Ideally, budget and actual would agree, however this 1% difference is due to rounding issues during allocation and distribution process Equal to spendable Cash Balance on Summary Balance Sheet

  7. Questions? • If you have a question about Endowment Fund activity, please contact your accounting representative in the Controller’s Office to provide assistance.

More Related