Southside Harm Reduction Services

“As of 2021, SHRS did not have a written document retention and destruction policy, but is reviewing and adopting in 2022.”

“Accounts Receivable - Beginning $46893 Accounts Receivable - Ending $0”

“Pledges and Grants Receivable - Beginning $320209 Pledges and Grants Receivable - Ending $0”

“Inventories - Beginning $16862 Inventories - Ending $0”

“Prepaid Expenses and Deferred Charges - Beginning $2195 Prepaid Expenses and Deferred Charges - Ending $0”

“Accounts Payable and Accrued Expenses - Beginning $27475 Accounts Payable and Accrued Expenses - Ending $0”

“Accured Payroll and related expenses - Beginning $24585 Accured Payroll and related expenses - Ending $0”

“Fundraising expenses at 1 and management expenses 2 are low due to a active board. Most fundraising and management functions are done by the volunteer board of directors as well as other volunteers. The Executive Director only spends 13 of his time on management and fundraising expenses. The rest of employees and consultants are for programatic work. SHRS expects increased costs in management and fundraising with increased budget in the following years.”

“Prior Period Adjusments due to multi-year grant award letter not recognized in full in 2021. Due to SHRS having their first audit for 2021, this has been rectified.”