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Unformatted text preview: Non-Profit Financial Resource – Class Notes 2/17/2010 Guest Speakers March 24 th – North Florida AIDS Network will be guest speaking. March 31 st – Cummer Museum April 7 th – Jacksonville Jewish Federation April 14 th – Women’s Center for Jacksonville Nonprofits do go into debt in a variety of ways. Nonprofits may be able to float bonds through state agencies. Credit cards can be used by nonprofits. Auto vehicles may bring a nonprofit in debt. Buildings are often used as collateral to debt. Bank lines of credit, smooth out the income stream throughout the year. I t’s important to develop a capital improvement plan, which is part of the Capitol Budget. Build reserves, buy fixed capital assets – They are something physical with a life longer than one year life time, anything over a certain amount of money. This amount is defined by the by-laws of the organization. Capital budget can include for example buying in bulk computers. I t’s used to forecast future needs and is very important for strategic plans. computers....
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This note was uploaded on 08/29/2011 for the course PUBLIC ADM 101 taught by Professor Staff during the Spring '11 term at UNF.
- Spring '11