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and Zoo parking fees (reserved for future parking facilities); and (3)the bureaus' share of gains from auxiliary activities and concessions. Such funds must be used to cover expenses of the bureaus' related activities but also to allow substantial amounts to be spent at bureau discretion -- in accordance with Institutional guidelines principally for acquisition of additional collection items and assistance with exhibits.

In this category the fund balance includes reserves currently being set aside for possible payment of taxes on Magazine advertising revenues. The reserve at March 31, 1977 totaled $1,300,000.

[[underline]] Restricted Funds [[/underline]] -- Income from such funds in FY 1977 is expected to drop below that of FY 1976, a year in which major gifts were received for the Bicentennial Folklife Festival.

[[underline]] Balance Sheet [[/underline]] -- The overall trust funds balance sheet is shown in Exhibit D. Current high-grade, short-term investments stand at $10,622,000 as of March 31, 1977. These investments currently yield 6.4% and have an average maturity of about ten months.