LSA Bulletin
March 2005
Audit Report
This is the statement of support, revenues, expenses, and changes in the fund balances of the Linguistic Society for the year ending 30 September 2004. A copy of the financial statements is available from the Secretariat.
Statement of Financial Position
| ASSETS | 30 September 2003 |
30 September 2004 |
| Current Assets: | ||
| Cash and equivalents | $ 43,434 | $ 81,526 |
| Investments | 903,260 | 1,002,424 |
| Accounts receivable | 2,259 | 705 |
| Prepaid expenses | 8,646 | 8683 |
| Total current assets | 957,599 | 1,093,338 |
| Fixed Assets: | ||
| Building | 137,440 | 137,440 |
| Property Improvements | 4,535 | 5,827 |
| Furniture and fixtures | 24,979 | 24,979 |
| Less: accumulated depreciation | (125,229) | (133,072) |
| Net fixed assets | 41,725 | 35,174 |
| Total assets: | $999,324 | $ 1,128,512 |
| LIABILITIES AND NET ASSETS | ||
| Current liabilities: | ||
| Accounts payable | $37,582 | $ 24,166 |
| Accrued expenses | 19,949 | 23,278 |
| Deferred revenue - current portion | 80,939 | 86,692 |
| Total current liabilities | 138,470 | 134,136 |
| Long-term liabilities: | ||
| Deferred revenue - long term | 56,060 | 63,366 |
| Total liabilities | 194,530 | 197,502 |
| Net assets | ||
| Unrestricted: | ||
| Undesignated | (236,448) | (273,999) |
| Designated | 831,715 | 905,661 |
| Total unrestricted | 595,267 | 631,662 |
| Temporarily restricted | 209,527 | 299,348 |
| Total net assets | 804,794 | 931,010 |
| Total liabilities and net assets | $999,324 | $1,128,512 |
| The balances in the restricted funds are as follows with comparative totals for 2000-2004: | |||||
| 2000 |
2001 |
2002 |
2003 |
2004 |
|
| Fund for Future of Linguistics |
$104,982 |
$34,323 |
$(4,077) |
$(20,924) | $ (11,246) |
| Linguistic Institutes |
225,630 |
213,267 |
195,475 |
200,701 | 278,727 |
| Membership Assistance |
17,848 |
15,151 |
12,707 |
9,947 | 9,417 |
| Committee on Status of Women |
3,292 |
2,700 |
3,217 |
3,491 | 3,797 |
| Child Care Assistance |
9,886 |
10,443 |
11,139 |
11,589 | 12,101 |
| Capital Equipment |
3,171 |
1,833 |
1,508 |
1,825 | 2,470 |
| Linguistics in the Public Sector |
4,852 |
5,633 |
7,800 |
(9,014) | (11,526) |
| Endangered Languages Committee |
1,068 |
1,758 |
3,409 |
4,762 | 6,334 |
| Ethnic Diversity Committee |
1,714 |
2,486 |
2,817 |
3,192 | 3,709 |
| Austerlitz Fund |
645 |
||||
| Stokoe Fund |
355 |
807 |
1,973 |
3,458 | 5,065 |
| Language in the School Curriculum Cte | 500 |
500 |
500 | 500 | |
| Total |
$373,443 |
$288,901 |
$220,868 |
$209,527 | $ 299,348 |