2021Bylaws

Footnote A:

Financial assets available within one year of the balance sheet date for general expen- diture are as follows:

Cash and cash equivalents

$

Dues and accounts receivable

$

Short-term investments

$

$

FOLLOWING IS A SAMPLE ONLY As part of liquidity management, it is policy to structure financial assets to be available as general expenditures, liabilities, and other obligations come due. To help manage unanticipated liquidity needs, lines of credit have been established in the amount of $___________. In addition, there is a quasi-endowment of $_______________. Although there is no intention of spending from the quasi-en- dowment other than amounts appropriated for general expenditures as part of its an- nual budget approval and appropriation process, amounts from the quasi-endowment could be made available if necessary. Footnote B: Board-designated net assets The governing board has designated net assets without donor restrictions for the following purposes: Quasi-endowment $

Property & equipment

$

____________

TOTAL BOARD DESIGNATED

$

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