Page 11 - 2012 Foundation Annual Report
P. 11

STATEMENT OF FINANCIAL POSITION
July 1, 2011
Beginning Balance
June 30, 2012
Balance
$153,195 $481,918 $560,642 $385,334
$2,716
$2,633
$1,586,438
$6,405
$6,405
$21,529 $570,728 $555,893 $385,334
$4,750 $41,799 $1,580,033 $1,586,438
A Investments on deposit with the CCCSE (Osher) Endowment Fund
1 Includes Development
Fund, Astounding Inventions, Foundation Awards Dinner and Golf Tournament accounts.
2 Temporary Restricted Funds are established and maintained with contributions that have donor-imposed restrictions or are contributions solicited for a restricted purpose.
3 All accounts set up as endowments earn interest and require a minimum balance of $5,000.
4 Accounts set up to be used strictly for scholarships. Money is deposited and disbursed for student scholarships only (non-endowment, non-trust accounts).
ASSETS
Cash at Wells Fargo Bank
Temp. Restricted - Wells Fargo
Endowed Funds - Wells Fargo Investments at CCCSE Endowment Fund A Accounts Receivable
Prepaid Expenses
Total Current Assets
LIABILITIES AND NET ASSETS
Liabilities
Accounts Payable
Total Liabilities
Net Assets
$132,016 $486,264 $559,581 $370,735
$5,614
$4,621
$1,558,831
$5,629
$5,629
Discretionary Funds1
Temp. Restricted - Wells Fargo2
Endowed Funds - Wells Fargo Endowment3
Endowed Funds - Osher
Endowment Funds - Scholarships4
Scholarships4 $267 Total Net Assets $1,553,202 Total Liabilities and Net Assets $1,558,831
$86,910 $535,708 $537,113 $370,735
$22,468
EXPENSES 2012
To College Overhead Fundraising Total
16% 13%
$753,655 $197,110 $79,309 $1,030,074
71%
2011-2012 INCOME
Contributions $388,104 Events $54,195 Revenue $208,332
District support
Total
$394,787
$1,045,418
Contributions 37%
Events
Revenue 14% 20%
District Support 38%
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