2014-457 Health - Piedmont Health Services - Outside Agency Performance Agreement to properly and fully complete the work set forth in the Scope of Services $10,000

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Notes to Financial Statements Page 4 Contributions The Organization accounts for contributions received and contributions made in accordance with U. S. generally accepted accounting principles. Contributions received are recorded as . unrestricted, temporarily restricted, or permanently restricted support, depending on .the existence and/or nature of any donor restrictions. Under U. S. generally accepted accounting principles, temporarily restricted support is reclassified to unrestricted net assets on expiration or fulfillment of the donor restrictions. Advertising Costs Advertising costs, consisting primarily of advertisement of employment opportunities and services offered by the Organization, are expensed as incurred, Expense Allocation Directly definable expenses are charged to programs and supporting services. Expenses related to more than one function are charged to programs and supporting services on the basis of periodic time and expense studies. Management and general expenses include those expenses that are not directly identifiable with any other specific function but provide for the overall support and direction of the Organization. Income from Operations Income from operations exclude (a) receipt of restricted contributions, including temporary or permanent restrictions, . (b) contributions of long-lived assets, and (c) other items required by generally accepted accounting principles- to be reported separately. Funds on Deposit Funds on deposit are in institutions insured by the Federal government. Deposits at each bank are insured up to a limit of $250,000 at November 30, 2013 and 2012. Deposits exceeded the FDIC insured limit at November 30, 2013 and 2012 by $2,722,708 and $2,185,804, respectively. -17-