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Get the free 2023-2024 Operating Support Financial Statement/Audit Response Form - City of Raleig...

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FINANCIAL STATEMENT / AUDIT RESPONSEApplicant Name:In the space provided below, the Board President should note how the organization has addressed or is addressing the previous year audit findings
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Gather all necessary financial documents such as income statements, balance sheets, and cash flow statements for the previous year.
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Non-profit organizations seeking financial support for their operations in the 2023-2024 fiscal year.
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An operating support financial statement audit is an examination of an organization's financial statements and related financial activities to ensure accuracy, compliance, and transparency in its financial reporting.
Organizations that receive operating support grants or funding, typically nonprofits and certain government entities, are required to file an operating support financial statement audit.
To fill out an operating support financial statement audit, organizations must collect relevant financial data, complete necessary forms based on prescribed guidelines, and ensure that all financial statements are prepared according to the applicable accounting principles.
The purpose of an operating support financial statement audit is to provide assurance to grant providers, stakeholders, and the public that the organization's financial statements present a true and fair view of its financial position and operational activities.
The information that must be reported includes statements of financial position, statements of activities, cash flow statements, and notes to the financial statements, along with any other required disclosures.
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