Individual Project 5 Memo.docx - MEMO Nonprofit Dinosaur...

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MEMO Nonprofit Dinosaur Museum ____________________________________________ Dear Manager, Due to the bad recession, this year the government will have to cut the grants completely. While initially, the government planned on cutting the grants by only 50%, now it will have to completely cut the grants. In addition, the increase fundraising efforts have not resulted in any additional funds raised. So as it stand, even after an extra fundraising expense of $50,000, the funds raised are the same as that of last year at $100,000. Because of both these changes, the net-non operating revenue of the company for this year will be $10,000. This will cause the net assets to reduce by $375,000 this year as opposed to a reduction of $140,000 last year. At the start of the year, the total assets were $350,000 which will all be used up if no changes are made. At least, expenses worth $25000 need to be cut to avoid reaching negative total assets. This can be achieved by laying off some employees or reducing the salaries of all
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