Tell us more about the financials submitted with proposals e.g., date of audits; size of budgets; agencies using an audit of its parent organization; start–up organizations?
• Whenever possible, audit should be for the last completed fiscal year. When this is not possible (if proposal is submitted immediately following the close of the fiscal year), internal figures of income and expense for the just completed fiscal year should be submitted along with the prior year’s audit. • When an agency submits the audit of its parent organization, it should also provide its own internal figures for income and expense for the last completed fiscal year. Be sure to include the following items: • The most current full audit of the larger organization • A Profit and Loss Statement (also called a Statement of Activities) that itemizes revenues and expenses for your smaller agency, for the most recently completed fiscal year • A Balance Sheet for your agency, for the most recently completed fiscal year • Your relevent agency budgets, and • All other materials required from you, per our regular guidelines. • Fourjay does not have a hard and fast rule for budget size but ra
