Technically, yes. My question is if this is an accounting trick to mask that. If people spend $10 grant money, I believe you can record $10 revenue and $10 exp

Technically, yes. My question is if this is an accounting trick to mask that. If people spend $10 grant money, I believe you can record $10 revenue and $10 expenses. Top line is artificially $10 higher. Bottom line is unchanged. Again -- this is how I think it works. But I don't know.