Tag Archives: Church Boards and Unfunded Liabilities

242. Church Boards and Unfunded or Deferred Liabilities — A Chairperson’s Concern

Posted on October 6, 2014 by Dr. Larry Perkins

An unfunded liability is a financial obligation contracted or accepted in some way by an organization but which exceeds an organization’s ability to pay. A deferred liability is a financial obligation that the organization recognizes it will have responsibility for, … (read the rest)

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