Bank Statement Plan Millbridge Family Service Millbridge Discussion Chapter

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Bank Statement Plan

Millbridge Family Service

Millbridge Family Service (MFS) is a charitable nonprofit foundation that has been supported by other established umbrella organizations, which in this case, it is supported through a lot of its funding through The Unified Path which is a much larger charitable and national organization that is supported through the donations given by societies businesses and individuals who wish to support and help us in providing other funds and goods and services to smaller foundations such as Millbridge and other family counseling programs in the area which is different for different regions depending on the geographic location. Currently, the Unified Path has been financially assisting Millbridge in their projects to help care for and assist needy families, therefore, the accounting department must keep track of these income and banking statements to keep up with how much Millbridge will owe to Unified even though Unified is allowing Millbridge to pay them back over a set period of time within the next six months to help stabilize the fiscal transactions and center so they can recover and function more productively in the future.

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The current bank statement is for the entire month of June 2011 which is a record of the transactions that were made at the company's bank in order for Millbridge Family Services to receive currency from Unified Path. As you can see, on June 1 Unified Path deposit $50,000 into Millbridge Family Services bank account because Millbridge needed extra funds to support their family counseling program because these services were required by the state. On June 15, 2011 Unified Path deposited an additional $20,000 into Millbridge Family Services bank account to help with the basic funds because of the organization's present underperformance which was due to the lack of volunteers, jobs in the area, and nonpayment of patients without insurance. Unified Path….....

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