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Date: | Fri, 26 Mar 2004 14:53:29 -0500 |
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ISEN-ASTC-L is a service of the Association of Science-Technology Centers
Incorporated, a worldwide network of science museums and related institutions.
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Hello, Cathy:
I will ask our finance director about the Hall's practices. She is
wayyy more up on Gaap than I am, thankfully, and I will check with her
opinion. Perhaps she can correspond with you directly, if she has
time.
Eric
On Mar 26, 2004, at 1:33 PM, Catherine Olmer wrote:
> ISEN-ASTC-L is a service of the Association of Science-Technology
> Centers
> Incorporated, a worldwide network of science museums and related
> institutions.
> ***********************************************************************
> ******
>
> Eric:
>
> This is great advice! And such a bizarre situation. He told us
> yesterday
> that GAAP has changed greatly over the past few years, that his
> requirement
> for membership fees is consistent with the new requirements and that
> it may
> not make sense but is the rule. I will now ask him your question.
>
> Does this mean that the New York Hall of Science recognizes a
> membership fee
> in its entirety on the date it was received and does not spread it
> over 12
> months?
>
> Are you saying that a membership fee should or should not be treated
> as a
> restricted grant?
>
> Many thanks!
>
> Cathy
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