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Do gross receipts include “money-in/money-out” such as for t-shirt sales which are not classified as a fund raiser?

April 26, 2017Classified fund gross raiser receipts sales t-shirt

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Do gross receipts include “money-in/money-out” such as for t-shirt sales which are not classified as a fund raiser?

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Yes. All income to the unit, except for assessments money that the unit does not have control over or does not have any say in how it is used is considered as part of the gross receipts of the unit. It does not have to be classified as a fund raiser to be considered gross receipts.