Thanks for explaining how this works Sam. I’ve got a few followup questions about fund balances.
The animal and meta fund pages both show new grant reports with November payout dates- are these grants reflected in the fund balances? Both funds have end of November fund balances that are the same ballpark size as their November grants, suggesting they might not be updated.
The Payout Reports shouldn’t affect the Fund Balance, as that number is calculated directly from our accounting system. That said, this means it’s subject to some of the vagaries of bookkeeping, which means we ask donors to treat it as an estimate.
This makes sense. Generally speaking, how accurate should we expect those estimates to be? Is it possible to say something along the lines of “we expect the fund balance estimates to be accurate plus or minus 10% and generally not off by more than $100,000”?
Thanks for explaining how this works Sam. I’ve got a few followup questions about fund balances.
The animal and meta fund pages both show new grant reports with November payout dates- are these grants reflected in the fund balances? Both funds have end of November fund balances that are the same ballpark size as their November grants, suggesting they might not be updated.
This makes sense. Generally speaking, how accurate should we expect those estimates to be? Is it possible to say something along the lines of “we expect the fund balance estimates to be accurate plus or minus 10% and generally not off by more than $100,000”?