Occasionally, an audit or review may contain what is called a prior period adjustment. This entry in the Statement of Activities relates to a transaction(s) that took place in a previous year that was either listed incorrectly in the prior year’s audit or left out entirely. There will often be information listed in the notes section of the audit providing detail about the adjustment. Before entering your prior period adjustment into the CDP survey, look in the notes section of your financial statements to determine whether the adjustment is positive or negative and if it is unrestricted, restricted, or both. Once you have this information you will be able to enter this data on the line Other Non-operating Revenue. If you do not see the Non-operating Revenue section in your Data Profile, you can add it by saying yes to the question “Do you have non-operating revenue?” in the revenue set-up.
Additionally, some audits contain a line for transfers and reclassifications which are funds reallocated between restricted and unrestricted funds over the course of the year, such as endowment draws, transfers of earned revenue items, adjustments due to new accounting rules, and other one-time revenue additions. Transfers and classifications are also recorded in the other non-operating revenue line in the CDP survey. If you do not see the other non-operating revenue line in your Data Profile, you can add it by saying yes to the question “Do you have non-operating revenue?” in the survey setup wizard.
How do I change the questions in my survey Cultural Data Profile
