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HIGHLAND COMMUNITY COLLEGE BOARD OF TRUSTEES REVENUE NEUTRAL HEARING August 23, 2023Trustees Present: Bernie Coy, Russel Earn, Thomas Smith, Jason Taylor, Carl Thurman, Kenneth Hus's (joined via conference

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Collect all financial records and documents related to revenue sources.

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Board of trustees revenue refers to the funds generated and managed by a board of trustees, typically associated with nonprofit organizations, educational institutions, or foundations. It includes donations, grants, and other income sources.

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Organizations that operate as nonprofits, educational institutions, or foundations and have income generated or managed by a board of trustees are required to file board of trustees revenue.

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The purpose of board of trustees revenue is to provide transparency in financial reporting, ensure accountability of the board's financial management, and inform stakeholders about the organization's financial health.

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The information that must be reported typically includes total revenue, types of income (such as donations and grants), expenditures, and any other financial activities conducted by the organization.

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