Agricultural
Utilization Research Institute
Statements
of Financial Position
September 30, 1997 and
1996
| |
1997 |
1996
|
ASSETS
|
|
|
| CURRENT ASSETS |
|
|
Cash
|
|
|
Checking
|
$ 79,412 |
$ 154,004 |
Money Markets
|
777,345 |
2,379,236 |
Certificates of Deposit
|
1,703,735 |
1,254,087 |
Investments
|
2,818,292 |
1,512,644 |
Receivables from Projects
(Net of allowance for uncollectible project
payments of $2,774,192 and $2,658,000 for
1997 and 1996, respectively)
|
687,948 |
664,736 |
Other Receivables
|
3,823 |
26,640 |
Grants Receivables
|
188,926 |
119,573 |
Accrued Interest
|
60,426 |
45,968 |
Prepaid Expenses
|
103,028 |
99,633 |
Total
|
$6,422,935 |
$6,256,521
|
| FURNITURE AND EQUIPMENT |
$2,816,694 |
$2,642,662 |
Less Accumulated Depreciation
|
(1,448,353) |
(1,148,248)
|
Net Furniture and Equipment
|
$1,368,341 |
$1,494,414
|
| OTHER |
|
|
Equipment Deposit
|
$
66,143 |
$
0 |
| TOTAL |
$7,857,419
========= |
$7,750,935
========= |
| |
|
|
LIABILITIES
& NET ASSETS
|
|
|
| CURRENT LIABILITIES |
|
|
Accounts Payable
|
$ 97,635 |
$ 60,943 |
Payroll Taxes Payable
|
3,607 |
4,075 |
Accrued Salaries
|
65,423 |
59,656 |
Accrued Leave
|
98,447 |
107,242 |
Line of Credit
|
180,000 |
0 |
Contracts Payable
|
281,074 |
267,406 |
Grants Payable --
Pesticide Reduction Options
|
263,312 |
235,884 |
Total
|
$ 989,498
|
$ 735,206 |
| CONTRACTS PAYABLE --
NON-CURRENT |
$1,309,007 |
$ 738,468
|
Total
|
$2,298,505 |
$1,473,674
|
| NET ASSETS |
|
|
Board Designated:
|
|
|
Unrestricted
|
$5,123,315 |
$5,932,906 |
Temporarily Restricted
|
435,599 |
344,355 |
Total
|
$5,558,914 |
$6,277,261 |
| TOTAL |
$7,857,419
========= |
$7,750,935
========= |
|
The
annual financial audit of AURI's records has been
completed.
For the sake of our readers, the total report was
not included in this annual report.
If you wish more details about the audit, please
contact
Renee Mulcahy, AURI chief financial officer, at 1
- 800 - 279 - 5010.
|
|
