Renaissance Educational Alliance

“Gifts and Awards; Gifts and Awards; Renaissance Elementary School: 3960 Trail Boss Lane, Castle Rock, CO, 80104; Numerous , 10699.”

“Insurance 440.”

“Internet service 99.”

“Community registration fees 500.”

“Professional development 75.”

“Board expenses 684.”

“Supplies, food and meeting expenses 1771.”

“Miscellaneous expenses 59.”

“The organization uses cash basis accounting. Revenue of -55609.”

“$55,609 was booked in the prior fiscal year even though cash”

“had not been received/deposited until the following fiscal year.”

“Details: In the early Spring of 2020 the organization held a”

“fundraising auction to raise funds to support the school.”

“The fundraising auction utilized the online app Handbid.”

“Handbid issued a check for $55,609 to the organization and”

“mailed it to the school. The school subsequently closed for”

“the remainder of the school year due to COVID restrictions.”

“The undeposited check remained at the school until it”

“reopened in in the fall of 2020. Handbid reissued a check in”

“September 2020 for $55,741. The revenue was correctly booked”

“for the fiscal year this return covers.”

“Differences in timing between booking revenue/expenses and 697.”

“when revenues/expenses clear the bank account. The books”

“show 6/30/2021 cash balance as $202,684. Bank statement”

“6/30/2021 balance and cash on hand are $203,381.”