This course was originally held in October 2019. Purchase an on demand ticket to get access to the recording and materials.
Learning to Love (or at least live with) Restricted Revenue
When finance, fundraising, and strategy are aligned, we can craft the best possible grant proposals and budgets. Who knew that grant restrictions are often of our own making? Who would have guessed that accounting standard changes could be the source of cutting-edge strategies for fundraising? This session explores how the latest changes in accounting standards for revenue recognition can be used to develop more effective grant proposal narratives and budgets. Whether you are a CEO, development professional, CFO, board member, or accountant, this presentation will provide you with an understanding of new standards on revenue recognition and restricted revenue. Then we’ll look at examples of how to use those concepts to develop grant proposals that bring in the most flexible funding possible.
You will leave ready to:
- Identify new FASB Accounting Standards Updates (ASUs) concerning revenue recognition and grants, and contributions;
- Recognize the new standards as they relate to grant proposal and budget design;
- Determine where and how to apply the new standards when crafting grant proposals and budgets
- Describe strategies and approaches to developing proposals and budgets that attract the most flexible funding possible
Who Should Attend
About the Speaker
Curtis Klotz, CPA, serves as Director of Nonprofit Innovation at CLA. This role is grounded in CLA’s nonprofit consulting and business operations practice, which inspires Curt’s writing and thought leadership in the industry. Curt shares inventive strategies for nonprofits that have emerged from more than 30 years of direct work in nonprofit organizations, including his former role as VP of Finance & CFO at Propel Nonprofits. Along with other stints as a nonprofit CFO, he is also past Chairperson of the Montana Nonprofit Association. Curt has contributed a number of articles to Nonprofit Quarterly and is the principal author of CLA’s Innovation in Nonprofit Finance blog. Curt was honored as MSP Biz Journal’s Nonprofit CFO of the Year in 2017. To fully appreciate Curt’s approach to nonprofit finance, you should know that he graduated summa cum laude from St Olaf College with majors in women’s studies and religion.