For the Year Ended March 31, 2003
| |
2003 |
2002 |
| REVENUE |
|
|
| |
Designated grants |
$ 8,331,750 |
$ 7,694,117 |
| |
Operating grants |
2,162,556 |
2,259,958 |
| |
Interest |
263,622 |
283,026 |
| |
Other revenue |
261,429 |
153,853 |
| TOTAL REVENUE |
11,019,357 |
10,390,954 |
| |
|
|
| EXPENSES |
|
|
| |
Projects |
|
|
| |
|
Reporting Services |
2,652,806 |
2,472,707 |
| |
|
Trade and Investment |
2,374,372 |
1,639,464 |
| |
|
Climate Change and Energy |
1,400,921 |
1,166,182 |
| |
|
Knowledge Communications |
1,067,401 |
1,124,075 |
| |
|
Economic Policy |
981,516 |
1,185,634 |
| |
|
Natural Resources Management |
821,112 |
1,255,132 |
| |
|
Measurement and Indicators |
619,295 |
536,802 |
| |
|
New Project Development |
41,723 |
63,860 |
| |
9,959,146
|
9,443,856
|
| |
|
|
| |
Administration |
736,062 |
593,267 |
| |
Fund Development and Outreach |
417,898 |
547,384 |
| |
Board |
202,433 |
138,191 |
| TOTAL EXPENSES |
11,315,539 |
10,722,698 |
| |
|
|
| EXCESS OF EXPENSES OVER REVENUE |
(296,182) |
(331,744) |
| |
|
|
| APPROPRIATION FROM NET ASSETS |
|
|
| |
Net assets invested in capital assets |
42,539 |
19,455 |
| |
Reserve for program development |
26,547 |
34,933 |
| |
Reserve for long-term development |
153,981 |
258,299 |
| DECREASE IN NET OPERATING ASSETS |
(73,115) |
(19,057) |
| |
|
|
| NET OPERATING ASSETS, BEGINNING OF YEAR |
1,239,266 |
1,258,323 |
| NET OPERATING ASSETS, END OF YEAR |
$ 1,166,151 |
$ 1,239,266 |
|
