Non-Profit
Capital Campaign Expenditure — Construction Draw
Using restricted capital campaign funds to pay a construction contractor.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Construction in Progress (Building) | Asset (+) | 300,000.00 | - |
| Cash (Restricted Capital Funds) | Asset (-) | - | 300,000.00 |
| Net Assets Released (Capital Restriction) | Equity (-) | 300,000.00 | - |
| Net Assets Released (Unrestricted) | Equity (+) | - | 300,000.00 |
💡 Accountant's Note
As capital campaign funds are spent on the building, the restriction is released. The cash decreases and the CIP asset increases. Restrictions are released in proportion to spending.
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