Your question is more probably which law has been broken.
Read your governing documents to determine the legal status of your association: non-profit corporation or other. Then, under the laws of your state, you can pursue this claim legally.
First, however, you might want to confront the board in a public meeting with proof of your accusation, and ask for an explanation. Write a letter to the board enclosing the proof, and ask for an entry on the open board meeting agenda. Then, at the meeting request that the board vote on the accuracy of the information or otherwise define a process whereby the information is corrected or verified.
Finally, be certain that you are simply not mis-reading the annual financial statement.
Notes to financial statement can be considered to be a financial statement since they report the details and additional information that are left out.
Statement of financial position (Balance sheet)
Statement of financial position (Balance sheet)
Get StartedThe Personal Financial Statement can be used to organize information about the assets and liabilities of you and your spouse, and also to present information about your income and expenses. This statement can be useful if you are applying for credit and can either be used to present information to your lender or as an attachment to your credit application itself. Sometimes a financial statement is needed in working with a financial planner. You might also use it when preparing college financial aid documents for a child.
Get StartedThe Personal Financial Statement can be used to organize information about your assets and liabilities, and also to present information about your income and expenses. This statement can be useful if you are applying for credit and can either be used to present information to your lender or as an attachment to your credit application itself. Sometimes a financial statement is needed in working with a financial planner. You might also use it when preparing college financial aid documents for a child.
The statement of net assets displays information about the government as a whole, reports all financial and capital resources, and assists the financial statement user
No, the statement of changes in financial position does not derive its information from the income statement. The statement of changes in financial position shows the sources and uses of funds during a specific period, including cash flow from operating, investing, and financing activities. It provides a different perspective than the income statement, which focuses on revenues, expenses, and net income.
A financial statement is a record of the financial activities of a person or business entity where all related financial information are presented in an...
The Income Statement and the Statement of Cash Flows. Both report information presented over a period of time.
It assist the organisation to mak decision on their financial statement.
balance sheet
A retained earnings statement contains information about retained earnings and dividends. Some companies also refer to this a profit and loss statement.