Statement of Cash Receipts and Expenditures for the

Statement of Cash Receipts and Expenditures for the Financial Transparency Coalition Table of Contents Independent Auditors’ Report 1-2 Statement of Cash Receipts and Expenditures for the Financial Transparency Coalition 3 Notes to Statement of Cash Receipts and Expenditures for the Financial Transparency Coalition 4-5 Independent Auditors’ Report Board of Directors Third Sector New England, Inc. [...] In our opinion, the Statement referred to above presents fairly, in all material respects, the cash receipts and expenditures of the Financial Transparency Coalition program of TSNE for the year ended December 31, 2022 in accordance with the basis of accounting described in Note 2. [...] Phone: 617.761.0600 500 Boylston Street Fax: 617.761.0601 Boston, MA 02116 mhmcpa.com Responsibilities of Management and Those Charged with Governance for the Statement Management is responsible for the preparation and fair presentation of the Statement in accordance with the basis of accounting described in Note 2; this includes determining that recording receipts in the schedule on the cash basi. [...] Note 2 - Summary of Significant Accounting Policies Basis of Accounting The accompanying statement of cash receipts and expenditures for the Financial Transparency Coalition of TSNE (the “Statement”) presents cash received from grantors during the year and allowable expenses incurred by the Program using the accrual basis of accounting in accordance with the contractual guidelines required by the. [...] The primary difference between accounting standards generally accepted in the United States of America and the basis of accounting for the Program is that revenue is reported when received by the Program on the cash basis of accounting rather than when earned or verifiably committed.