Viewing page 32 of 150

This transcription has been completed. Contact us with corrections.

-30-

Exhibit B

[[underline]]UNRESTRICTED TRUST FUNDS - OPERATING STATEMENT[[/underline]]

($1,000's)
[[line across page]]

[[6-column table]]
[[note: text running vertically between third and fourth columns as follows: Transition Quarter omitted ]]

[[blank]] | [[underline]] Tent. Budget [[/underline]] | [[underline]] Projection [[/underline]] | [[span 3 columns]] [[underline]] ACTUAL [[/underline]] [[/span 3 columns]]
[[blank]] | FY 1978 |  FY 1977 |  FY 1976 | FY 1975 | FY 1974
[[line across page]]
Income - Investment | $ 1,350 | $ 1,100 | $ 1,107 | $ 950 | $ 744
  - Gifts | 50 | 50 | 66 | 46 | 151
  - Concessions & Misc. | [[underline]] 1,650[[/underline]] | [[underline]] 1,650[[/underline]] | [[underline]] 711[[/underline]] | [[underline]] 228[[/underline]] | [[underline]] 284[[/underline]]
    Total Income | 3,050 | 2,800 | 1,884 | 1,224 | 1,179
[[underline]]Auxiliary Activities [[/underline]] | | | | |
  Gross Revenue | 40,235 | 37,840 | 26,282 | 18,802 | 12,735
  Less Costs and Expenses | [[underline]] 35,035[[/underline]] | [[underline]] 32,105[[/underline]] | [[underline]] 22,892[[/underline]] | [[underline]] 16,494[[/underline]] | [[underline]] 10,965[[/underline]]
    Total Act. Gain (Loss) | 5,200 | 5,735 | 3,390 | 2,308 | 1,770
[[underline]]Expenditures[[/underline]] | | | | |
  Admin. Exp/Allotments | 7,240 | 6,531 | 5,259 | 4,951 | 4,187
  Less Adm. O/H Recovery | [[underline]] 5,200[[/underline]] | [[underline]] 4,881[[/underline]] | [[underline]] 4,558[[/underline]] | [[underline]] 3,644[[/underline]] | [[underline]] 3,345[[/underline]]
    Net Adm. Expense | 2,040 | 1,650 | 701 | 1,307 | 842
  Reserve - Magazine | 1,500 | 1,000 | 480 | - | -
  Revenue Sharing-Int. & Act. | [[underline]] 650[[/underline]] | [[underline]] 620[[/underline]] | [[underline]] 436[[/underline]] | [[underline]] 416[[/underline]] | [[underline]] 98[[/underline]]
[[underline]]Net Gain (Loss) before Trans.[[/underline]] | [[double underline]] 4,060[[/double underline]] | [[double underline]] 5,265[[/double underline]] | [[double underline]] 3,657[[/double underline]] | [[double underline]] 1,809[[/double underline]] | [[double underline]] 2,009[[/double underline]]
  [[underline]]Transfers[[/underline]] - To Plant Funds | 150 | 765 | 2,495 | 97 | 1,134
    - To Endow. Funds | [[underline]] 3,900[[/underline]] | [[underline]] 4,500[[/underline]] | [[underline]] 1,021[[/underline]] | [[underline]] 1,422[[/underline]] | [[underline]] 100[[/underline]]
[[underline]]Net Gain (Loss) after Trans.[[/underline]] | [[double underline]] 10[[/double underline]] | [[double underline]] - [[/double underline]] | [[double underline]] 141[[/double underline]] | [[double underline]] 290[[/double underline]] | [[double underline]] 775[[/double underline]]
[[double underline]]Ending Fund Balance[[/double underline]] | [[double underline]]$ 4,084[[/double underline]] | [[double underline]]$ 4,074[[/double underline]] | [[double underline]]$ 3,908[[/double underline]] | [[double underline]]$ 3,767[[/double underline]] | [[double underline]]$ 3,477[[/double underline]]
| | | | |
[[underline]]DETAIL OF AUXILIARY ACTIVITIES[[/underline]]
| | | | |
[[underline]]Associates Program[[/underline]]
| | | | |
  Magazine Income | $25,500 | $24,000 | $16,042 | $10,816 | $7,127
  Gifts | 225 | 235 | 177 | 145 | 260
  Other Income | [[underline]] 5,350[[/underline]] | [[underline]] 5,470[[/underline]] | [[underline]] 4,506[[/underline]] | [[underline]] 2,749[[/underline]] | [[underline]] 1,778[[/underline]]
    Total Income | 31,075 | 29,705 | 20,725 | 13,710 | 9,165
  Expenses | [[underline]] 25,575[[/underline]] | [[underline]] 23,765[[/underline]] | [[underline]] 17,469[[/underline]] | [[underline]] 11,742[[/underline]] | [[underline]] 7,575[[/underline]]
  Net Gain (Loss) | 5,500 | 5,940 | 3,256 | 1,968 | 1,590
| | | | |
[[underline]]Shops[[/underline]] - Income | 7,000 | 6,550 | 3,619 | 3,221 | 2,141
  Expenses | [[underline]] 6,500[[/underline]] | [[underline]] 6,050[[/underline]] | [[underline]] 3,556[[/underline]] | [[underline]] 2,804[[/underline]] | [[underline]] 1,915[[/underline]]
  Net Gain (Loss) | 500 | 500 | 63 | 417 | 226
| | | | |
| [[underline]]Press[[/underline]] - Income | 275 | 250 | 173 | 265 | 111
  Expenses | [[underline]] 375[[/underline]] | [[underline]] 360[[/underline]] | [[underline]] 319[[/underline]] | [[underline]] 361[[/underline]] | [[underline]] 200[[/underline]]
  Net Gain (Loss) | (100) | (110) | (146) | (96) | (89)
| | | | |
[[underline]]Performing Arts[[/underline]] - Income | 400 | 400 | 527 | 479 | 597
  Expenses | [[underline]] 600[[/underline]] | [[underline]] 625[[/underline]] | [[underline]] 637[[/underline]] | [[underline]] 558[[/underline]] | [[underline]] 493[[/underline]]
  Net Gain (Loss) | (200) | (225) | (110) | (79) | 104
| | | | |
[[underline]]Product Devel.[[/underline]] - Income | 100 | 160 | 585 | 302 | 107
  Expenses | [[underline]] 150[[/underline]] | [[underline]] 125[[/underline]] | [[underline]] 127[[/underline]] | [[underline]] 84[[/underline]] | [[underline]] 70[[/underline]]
  Net Gain (Loss) | (50) | 35 | 458 | 218 | 37
| | | | |
[[underline]]Other[[/underline]]* - Income | 1,385 | 775 | 653 | 825 | 614
  Expenses | [[underline]] 1,835[[/underline]] | [[underline]] 1,180[[/underline]] | [[underline]] 784[[/underline]] | [[underline]] 945[[/underline]] | [[underline]] 712[[/underline]]
  Net Gain (Loss) | (450) | (405) | (131) | (120) | (98)
| | | | |
[[underline]]Total Activities[[/underline]] - Income | 40,235 | 37,840 | 26,282 | 18,802 | 12,735
  Expenses | [[underline]] 35,035[[/underline]] | [[underline]] 32,105[[/underline]] | [[underline]] 22,892[[/underline]] | [[underline]] 16,494[[/underline]] | [[underline]] 10,965 [[/underline]]
  Net Gain (Loss) | [[double underline]]$ 5,200[[/double underline]] | [[double underline]]$ 5,735[[/double underline]] | [[double underline]]$ 3,390[[/double underline]] | [[double underline]]$ 2,308[[/double underline]] | [[double underline]]$ 1,770[[/double underline]]

[[/6-column table]]

[[short line]]
* This includes SITES, Belmont, Photo Services, Commons, Television Programs and Popular Book Publishing program.

Transcription Notes:
Original transcriber: Chart completed per transcription instructions, but with so many numbers, lines, columns, and underline formatting it can be really confusing. I added the following: (-->) to indicate the beginning of a new line to help differentiate. Later transcriber: Removed the "-->" marks; these are not needed in properly transcribed tables with pipes, and they are misleading because they imply original content which is, in fact, not there. Also changed footnote to use an asterisk rather than half-superscripted underlined "1/" notation that is hard to transcribe and read.