An addendum to my blog. Referring to the Lakeview Museum of Arts and Sciences Financial Statements June 30, 2009. On Page 8, of this 2009 Financial Statement, it reads "Notes to Financial Statements, June 30,2009, "Discounts on pledges/allowance for uncollectible pledges - $777,739. On Page 5, it reads, "Provision for uncollectible pledges - $432,000????
Pledges are just pledges and which figure is the correct one for 2009? Both may be correct depending on the meaning of "discounts" and "provisions".
At a recent fundraiser, Peoria County Board member and a PRM Chairperson, Andrew Rand said an additional $400,000 was raised. I asked, cash or pledges? His answer, pledges.
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