Should all transactions pertaining to voluntary non-exchange transactions (specifically grants) be reported on a cash basis? i.e. report only when the cash is disbursed to receiver?
In other words..If a state entity is disbursing grants it received from another state agency, when should it report the expense (the sending of the grant to the entity or person who should be receiving it)?
Also, if grants are refunded back, when should these reported?
In other words..If a state entity is disbursing grants it received from another state agency, when should it report the expense (the sending of the grant to the entity or person who should be receiving it)?
Also, if grants are refunded back, when should these reported?