Author: tammy-webb

Dedicated to serving you since 1982

4 Jun

Recognizing Unanticipated Grant Revenue

Many municipal comptrollers have asked me how to recognize unanticipated revenue resulting from a grant. Most commonly, they want to know if it’s okay to offset the receipt of these funds with expenditures resulting from the grant since they were not budgeted. In most cases, the answer is no, revenues and expenditures must be recognized on a gross basis. The…