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Statements of Financial Positions
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| |
2000
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1999
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ASSETS
Cash and cash equivalents
Investments at market value
Receivables and other assets
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$ 7,776,543
862,778,939
3,302,227
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$ 10,072,193
839,543,662
3,395,293
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|
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Total Assets
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873,857,709
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853,011,148
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LIABILITIES
Approved grants not yet paid
Accounts payable and deferred taxes
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22,402,134
9,477,768
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20,048,996
8,796,133
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|
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Total Liabilities
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31,879,902
|
28,845,129
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NET ASSETS
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841,977,807
|
824,166,019
|
|
|
Total Liabilities and Net Assets
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$873,857,709
|
$853,011,148
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Statements Of Activities
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|
|
2000
|
1999
|
|
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INCOME
Net investment income
Realized and unrealized gain
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$ 32,609,450
25,981,994
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$ 31,514,072
76,829,017
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|
|
Total Income
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58,591,444
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108,343,089
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EXPENDITURES
Grants approved
Operating expenses
Provision for tax
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38,069,654
1,383,747
1,326,255
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53,959,037
1,462,338
4,750,007
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|
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Total Expenditures
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40,779,656
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60,171,382
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CHANGE IN NET ASSETS
Increase in unrestricted net assets
Net assets at the beginning of the year
|
17,811,788
824,166,019
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48,171,707
775,994,312
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|
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Net Assets at the End of the Year
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$841,977,807
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$824,166,019
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A complete set of Financial Statements, audited by Ernst & Young in which an unqualified opinion was rendered, is available upon written request to the Treasurer.
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