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Message: [QUOTE="Orangepace, post: 403521, member: 322"] I believe that due to the size of the organization and their stakeholders, they likely wouldn't be able to get away with cash basis. So I'm going forward on the premise that this is accrual basis. That said, I have some experience with accrual basis for NPO's, which is very different from gov't/yellow book accounting. The future Meadowlands funds would not be presented at all until they come to fruition, unless of course money was received. So, there would be no deferred/unearned revenue on the books unless of course they actually received money, which we agreed is highly unlikely. You would not gross up the balance sheet in this circumstance. There would obviously also be no income statement impact.. Just wanted to clarify. [/QUOTE]