Financial Statements Per federal, state and local requirements, the VMC Foundation is obligated to undergo and make publically available an independent audit report each fiscal year. The reports includes a Statement of Financial Position, Statement of Activities, and a Statement of Functional Expenses. The complete report – available at vmcfoundation.org – includes all related notes to these statements. This report also details VMC Foundation operating revenues and expenses
Financial Statements
for fiscal year 2015.
29
• FINANCIALS •