Get the free Statements of Activity - U-M ITS - University of Michigan

This document provides essential information and forms required for student-athletes trying out for sports at the University of Michigan, including clearance forms, medical requirements, and liability

How to fill out statements of activity

How to fill out statements of activity:

1. Start by entering the relevant information such as your name, date, and any other identifying details requested on the form.
2. Next, provide a description of the activity in clear and concise terms. Include any necessary details such as location, duration, and goals.
3. Specify the date or period of time during which the activity took place. Be as accurate as possible to ensure accurate record-keeping.
4. Indicate whether the activity was a one-time event or part of an ongoing project or program.
5. Include any outcomes or results achieved as a result of the activity. This may include numbers, statistics, or qualitative assessments.
6. If required, provide any supporting documentation such as receipts, photos, or testimonials that validate the activity's occurrence.
7. Review the completed statement of activity carefully for any errors or missing information before submitting it.

Who needs statements of activity:

1. Individuals who are self-employed and need to track their professional activities for tax or business purposes.
2. Employees who are required to submit regular activity reports to their supervisors or managers.
3. Non-profit organizations or community groups that need to document and report on their activities to donors, stakeholders, or governing bodies.

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What is statements of activity?

Statements of activity are financial reports that detail the income, expenses, and financial activities of an organization during a specific period.

Who is required to file statements of activity?

Non-profit organizations, including charities, foundations, and associations, are usually required to file statements of activity with the relevant regulatory authorities.

How to fill out statements of activity?

Statements of activity are typically filled out by recording the organization's financial transactions, including revenue, expenses, and balance sheet changes. This information is then summarized and reported in the statements of activity.

What is the purpose of statements of activity?

The purpose of statements of activity is to provide transparency and accountability regarding an organization's finances. They help stakeholders, such as donors, government agencies, and the public, understand how the organization is managing its funds.

What information must be reported on statements of activity?

The information reported on statements of activity usually includes the organization's revenue sources, such as donations or grants, and its expenses, including program costs, administrative expenses, and fundraising costs. Additionally, any significant changes in assets, liabilities, or net assets may also be included.