In all my years of running non-profits and a financial institution, I was expected to account for every penny my organization received. Whether it was for a general operating grant or a cash flow loan, detailed reporting -- including financial statements, budget narratives, and a description of what the money was used for -- was demanded in return.
And that was for private money. If my organization received government funds, the financial reporting requirements were nothing short of punishing.
So it...
]]>