Question: Budget & Fundraising
I am confused on how to list the fundraisers Budget item in Receipts... should the amount just be profit anticipated or should it be all receipts anticipated (Some of which include what will eventually be paid out to the vendor for the cost of the fundraiser.)? So we receive 600.00 for Fit & Fresh fund raiser - it cost us $350.00 and $250.00 ends up being our profit. Should the Receipts budget line reflect the full receipts of $600.00 or just the $250.00 profit? If just the profit, then how do we account for the rest of the receipts?
Asked by Anonymous