Revenue is defined as an addition to a fund balance arising from a transaction other than a transfer to the fund. Revenues are recognized on an accrual basis. Include within this total the amount of expenditures removed from the fund during the fiscal year for transactions other than transfers. Also include within the total other changes to the fund balance such as indirect costs recovered and refunds to grantors. Mandatory transfers can be made either from unrestricted or restricted funds.
Report transfers out of a fund as positive numbers, and transfers into a fund as negative numbers.
Non-mandatory transfers are those made from current funds groups at the discretion of the governing board to support a variety of purposes. Report transfers out of a fund as positive numbers, and transfers into a fund as negative numbers. The Ending Fund Balance must be equal to the Restated Fund Balance plus Total Revenue less Total Expenditures less Net Mandatory Transfers less Net Non-mandatory Transfers and Other Changes.