Viewing page 14 of 95

This transcription has been completed. Contact us with corrections.

12

SMITHSONIAN PRIVATE FUNDS - CURRENT FUNDS FINANCIAL STATEMENT

($1,000's)
[[6 column table]]
|    | Preliminary Budget 1973 | Projected Actual 1972 | Actual 1971 | Actual 1970 | Actual 1969 |
| --- | --- | --- | --- | --- | --- |
UNRESTRICTED FUNDS 
Income: 
| Investment Income | 380.0 | 386.0 | 330.0 | 281.3 | 441.3 |
| Gifts | 125.0 | 100.0 | 304.3 | 17.6 | 181.1 |
| Overhead recovery | 2,700.0 | 2,540.0 | 2,254.1 | 2,435.3 | 2,389.5 |
| Concession Fees & Misc | 140.0 | 149.0 | 208.2 | 470.7 | 171.8 |
| Total Income | 3,345.0 | 3,175.0 | 3,096.6 | 3,204.9 | 3,183.7 |

Expenditures: 
| Administrative | 3,121.0 | 2,890.0 | 2,712.6 | 3,198.4 | 2,942.7 |
| Activities-Magazine | (50.0) | (20.0) | 209.0 | 471.9 | 69.7 |
| Associates Programs* | 60.0 | 45.0 | 5.4 | 47.3 | (20.6)|
| Foreign Study Tours | (40.0) | (40.0) | (14.9) | (6.0) | (37.0) |
| Shops & Prod. Devel. | (75.0) | (40.0) | 79.8 | 28.3 | 24.7 | 
| SI Press | 100.0 | 125.0 | 158.9 | 200.5 | 127.2 |
| All Other | 29.0 | 75.0 | 96.0 | 246.1 | 311.8 | 
| Total Expenditures | 3,145.0 | 3,035.0 | 3,246.8 | 4,186.5 | 3,418.5 |


| Net Gain (Loss) | 200.0 | 140.0 | (150.2) | (981.6) | (234.8) |
| Balance End of Year | 2,059.7 | 1,859.7 | 1,719.7 | 1,869.9 | 2,851.5 |

RESTRICTED FUNDS
| Freer Fund - Income | 970.0 | 810.0 | 742.6 | 735.3 | 708.3 |
| - Expenditures | 895.0 | 888.0 | 966.9 | 772.7 | 719.5 |
| Net Gain (Loss) | 75.0 | (78.0) | (224.3) | (37.4) | (11.2) |
| Balance End of Year | 207.6 | 132.6 | 210.6 | 434.9 | 472.3 | 

Gifts & Other Restricted Fds.
| Income |   | 3,300.0 | 2,471.2 | 2,695.8 | 2,226.0 |
| Expenditures |   | 3,100.0 | 2,841.1 | 2,170.9 | 1,541.2 |
| Net Gain (Loss) |   | 200.0 | (369.9) | 524.9 | 684.8 | 
| Balance End of Year |   | 1,751.0 | 1,551.0 | 1,920.9 | 1,396.0 |

Contracts & Grants
| Income |   | 9,700.0 | 9,317.0 | 9,806.2 | 11,525.5 |
| Expenditures |   | 9,500.0 | 9,312.4 | 10,825.1 | 11,431.5 |
| Net Gain (Loss) |   | 200.0 | 4.6 | (1,018.9) | 94.0 |
| Balance End of Year |   | 490.7 | 290.7 | 286.1 | 1,305.0 |
[[/6 column table]]

BALANCE SHEET - CURRENT FUNDS
 
ASSETS
[[3 column table]]
|   | 6/30/71 | 3/31/72 |
| --- | --- | --- |
| Cash | 511 | 829 |
| Investments | 2,927 | 3,171 |
| Accts Rec- |   |   |
| - Gr & Contr | 1,369 | 1,111 |
| - Magazine | 87 | 212 |
| - Other | 883 | 586 |
| - Total Receiv. | 2,339 | 1,909 |
| Inventories | 523 | 539 |
| Prepaid Exp's | 521 | 873 |
| Equipment | 521 | 431 |

| Total Assets | 7,342 | 7,752 |
[[/3 column table]]

LIABILITIES
[[3 column table]]
|   | 6/30/71 | 3/31/72 |
| --- | --- | --- |
| Accts Pay & Acc'd Exp. | 1,383 | 823 |
| Notes Payable | 655 | 415 |
| Gr & Contr Adv Owed | 291 | 458 |
| Undistr. Gain (Loss) |   | (9) |
| Deferred Inc (Magaz) | 1,531 | 2,128 |
| Balances-Unrestricted | 1,720 | 1,838 |
| - Restricted-Freer | 211 | 85 |
| -- Gifts | 1,110 | 1,511 |
| -- Other | 441 | 503 |
| -- Total Restrict. | 1,762 | 2,099 |

| Total Liabilities | 7,342 | 7,752 |
[[/3 column table]]

*Excl Gifts to Assoc. Shown under Income.