EXHI Meals for the Homeless Statement of Functional Expenses for the Year Ending December 31, 2023 Program Services Support Services Meals Counseling and General Fundraising Management Total Bxpenses Salaries and benefits $35,000 $35,000 $40,000 17,000 $17,000 $127,000 Food Supplies and brochures 2,000 1,000 17,000 1,000 2,000 5,000 Office expenses 1,000 6,000 1,000 3,000 14,000 1,000 10,000 2,000 Rent 1,000 18,000 Professional fees 3,000 3,000 Depreciation 10,000 10,000 Total expenses $83,000 $38,000 $47,000 $23,000 $191,000 Providing information about the underlying nature of expenses gives the user additional insight. Where does Meals' program money go? Is it for food? Does the vast majority of its money go for labor? These questions can be answered using the information in Exhibit 11-4. The analysis of expenses by function and nature is particularly helpful to the user in gain- ing insight into the operations of an organization.
EXHI Meals for the Homeless Statement of Functional Expenses for the Year Ending December 31, 2023 Program Services Support Services Meals Counseling and General Fundraising Management Total Bxpenses Salaries and benefits $35,000 $35,000 $40,000 17,000 $17,000 $127,000 Food Supplies and brochures 2,000 1,000 17,000 1,000 2,000 5,000 Office expenses 1,000 6,000 1,000 3,000 14,000 1,000 10,000 2,000 Rent 1,000 18,000 Professional fees 3,000 3,000 Depreciation 10,000 10,000 Total expenses $83,000 $38,000 $47,000 $23,000 $191,000 Providing information about the underlying nature of expenses gives the user additional insight. Where does Meals' program money go? Is it for food? Does the vast majority of its money go for labor? These questions can be answered using the information in Exhibit 11-4. The analysis of expenses by function and nature is particularly helpful to the user in gain- ing insight into the operations of an organization.
Chapter23: Exempt Entities
Section: Chapter Questions
Problem 6RP
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Transcribed Image Text:EXHI
Meals for the Homeless
Statement of Functional Expenses
for the Year Ending December 31, 2023
Program Services
Support Services
Meals
Counseling and General Fundraising
Management
Total
Bxpenses
Salaries and benefits
$35,000
$35,000
$40,000
17,000
$17,000
$127,000
Food
Supplies and brochures
2,000
1,000
17,000
1,000
2,000
5,000
Office expenses
1,000
6,000
1,000
3,000
14,000
1,000
10,000
2,000
Rent
1,000
18,000
Professional fees
3,000
3,000
Depreciation
10,000
10,000
Total expenses
$83,000
$38,000
$47,000
$23,000
$191,000
Providing information about the underlying nature of expenses gives the user additional
insight. Where does Meals' program money go? Is it for food? Does the vast majority of its
money go for labor? These questions can be answered using the information in Exhibit 11-4.
The analysis of expenses by function and nature is particularly helpful to the user in gain-
ing insight into the operations of an organization.
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