interfund receivables and payables

Presentation2

1. 205-972Real Estate—Common Interest Realty Associations205 Presentation of Financial Statements

   This Subtopic governs how common interest realty associations (CIRAs)—condominium and homeowners associations and cooperatives—present their financial statements, emphasizing fund reporting that segregates the operating fund from the fund for future major repairs and replacements. A full GAAP presentation requires a balance sheet, statement of revenues and expenses, statement of changes in fund balances (or members' equity under nonfund reporting), statement of cash flows, and notes; cooperatives instead present a statement of operations and statement of changes in shareholders' equity.

2. 210-954Health Care Entities210 Balance Sheet

   This subtopic governs how health care entities, including not-for-profit business-oriented health care entities, present their balance sheets. The general rule is a classified (current/noncurrent) balance sheet under Section 210-10-45, except that a continuing care retirement community may instead sequence assets by nearness of conversion to cash and liabilities by nearness of maturity. It also specifies that contractually limited (non-donor) assets stay in net assets without donor restrictions, that interfund balances are eliminated, and that restricted or segregated cash is excluded from current assets.