2021Bylaws

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ABC SHRINERS

NOTES TO FINANCIAL STATEMENTS December 31, 20 _____ and 20 _____

1—Summary of Significant Accounting Policies (a) Organization —ABC Shriners is an unincorporated association and a subordinate temple of Shriners International. The Temple remits certain fees and charges to Shriners International for granting dispensations, charters, certificates and diplomas and for Shriners Hospital for Children and other charitable purposes. Such fees, charges and hospital levy paid to Shriners In- ternational were $ __________ and $ __________ for 20____ and 20____ respectively. Various units and clubs are sponsored by the Temple. Certain of these units and clubs maintain funds outside the control of the temple governing body. (b) Basis of presentation —The financial statements of the ABC Shriners include the accounts of the following entities under the control of the Temple: ABC Shriners (The financial statements should also list all other incorporated entities, such as Temple Holding Corporation, included in the financial statements.) The accompanying statements have been prepared on the accrual basis of accounting. All financial transactions have been recorded and reported as either net assets with or without donor restrictions based on the existence or absence of donor imposed restrictions. • Without Donor Restriction net assets consist of investments, board designated funds and any otherwise unrestricted amounts that are available for use in carrying out the activities of the Temple. • With Donor Restriction net assets consist of contributions received for the Shrine Hospital Patient Transportation Fund, any donor imposed contributions, life membership dues and plant additions or improvements, if applicable. (c) Cash equivalents —For purposes of the statement of cash flows, the Temple considers all highly liquid investments with original maturities of three months or less, to be cash equivalents. As of December 31, 20____ total cash and cash equivalents of $___________ included restricted amounts as follows: With Donor Restriction: Shrine Hospital Patient Transportation $ ____________ Life membership dues ____________ Building improvements ____________ Total $

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