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When is a surplus not a surplus?

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Your organization’s preliminary end of year financial statements become available and woohooo! The income statement is showing a $20,000 surplus! It is remarkably easy to conclude, in such a case, that your organization is $20,000 stronger, or $20,000 healthier, or $20,000 more financially stable, than it was at the end of the year before. But you have (at least!) one …

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