How to Read Fund Statement
How to Read a Fund Statement This document explains how to read a basic fund statement. The document covers: q When to Use a Fund Statement q Fund Statement Concepts and Calculations q A Sample Fund Statement Explained · Prompts and search criteria · Tabs · Report Output 1. When to Use a Fund Statement At Stanford, funds are established to track the source and use of money. Fund reports are a tool designed to facilitate the management of these monies. These reports show both inflows (receipts, transfers in) and outflows (e.g. transfers out and expenses) and thus help determine how much money is left to spend. These reports also help us fulfill our fiduciary responsibilities to donors and others by allowing us to report to the donor on the use of their gift. Fund reports are intended to be used for non-sponsored and non-capital awards as the reports are designed around a fiscal year concept rather than a project-to-date concept. Spo