Important Note: Restriction codes need to be entered for all Revenues and Program codes need to be entered for all expenses.

Transaction 1: UGO receives a $1,500,000 in cash associated with a donor-restricted pledge made in the prior year. At this point, all restrictions have been deemed to have been met. Therefore, in addition to the entry to record the cash, you should also recognize the net assets released from restriction.

Transaction 2: UGO receives $474,966.25 in cash related to grants receivable.

Transaction 3: UGO receives various cash contributions, pledges, and in-kind contributions.

The following table presents these contributions: Contribution Type:

Without donor restrictions With donor restrictions

Cash $4,165,977.50 $650,000.00

Pledges receivable 0.00 694,786.25

In-kind contributions 122,641.25 0.00

Total $4,983,405.00 $1,344.786.25

The in-kind contributions represent donations of services by licensed professionals. These services would have otherwise been purchased and should therefore result in an expense for professional services related to Management and General activities of the organization. Transaction

4: UGO receives total grant revenues of $4,048,455 a state grant of $195,000 and the balance from federal grants. There are no restrictions associated with the grants.