STATEMENT OF ACTIVITIES

Abstract

The primary purpose of a statement of activities is to provide information to donors, creditors, board members, management, and others about the effects of transactions and other events that change the amount and nature of net assets; how the institution’s resources are used in providing programs and services; the types of programs and services provided; and the relationship of the transactions and events to each other. The information provided in the statement of activities, together with information in the statements of financial position and cash flows and accompanying notes, should assist users of the institution’s financial statements in evaluating the institution’s performance during a period. This information should also help users assess the institution’s service efforts and how well management has discharged their stewardship responsibilities and other aspects of their duties.