Academic journal article Notes

Music Library Association

Academic journal article Notes

Music Library Association

Article excerpt

Music Library Association

Statement Of Financial Position

June 30, 2001

Assets
 Cash                                     $ 94,855
 Investments In Marketable Securities      425,769
 Accounts Receivable                        13,759
 Prepaid Expenses                              650
 Inventories                                12,261
 Cash - Temporarily Restricted              28,262
 Investments in Marketable Securities -    104,178
  Temporarily Restricted

TOTAL ASSETS                             $ 679,734

Liabilities And Net Assets
 Accounts Payable                         $ 68,145

TOTAL LIABILITIES                           68,145

Net Assets
 Unrestricted                              479,149
 Temporarily Restricted                    132,440

TOTAL NET ASSETS                           611,589

TOTAL LIABILITIES AND NET ASSETS         $ 679,734
Music Library Association

Statement Of Activities

For The Year Ended June 30, 2001

                                                        Temporarily
                                         Unrestricted    Restricted

Revenues And Gains:
 Contributions                          $       8,933  $      2,745
 Dues                                         104,347             -
 Sales Of Publications                         94,548             -
 Meetings                                     166,943             -
 Other income                                   2,128             -
 Investment income                             21,947             -
 Net Unreallzed And Realized Losses On
  Investments in Marketable Securities       (46,165)             -
 Net Assets Released from Restriction:
  Restrictions Satisfied By Payments
                                                7,628       (7,628)
    Total Revenues And Gains                  360,309       (4,883)

Expenses:
 Management Services                          167,824             -
 Program Expenses                              18,202             -
 Publications                                 129,784             -
 Meetings                                     166,690             -
 Awards                                         7,628             -
 Bad Debt                                       6,833             -
 Other Member Services                         15,630             -

    Total Expenses                            512,591             -

Decrease In Net Assets                      (152,282)       (4,883)
Net Assets - Beginning Of Year                631,431       137,323

Net Assets - End Of Year                $     479,149  $    132,440


                                              Total

Revenues And Gains:
 Contributions                          $    11,678
 Dues                                       104,347
 Sales Of Publications                       94,548
 Meetings                                   166,943
 Other income                                 2,128
 Investment income                           21,947
 Net Unreallzed And Realized Losses On
  Investments in Marketable Securities     (46,165)
 Net Assets Released from Restriction:
  Restrictions Satisfied By Payments
                                                  -
    Total Revenues And Gains                355,426

Expenses:
 Management Services                        167,824
 Program Expenses                            18,202
 Publications                               129,784
 Meetings                                   166,690
 Awards                                       7,628
 Bad Debt                                     6,833
 Other Member Services                       15,630

    Total Expenses                          512,591

Decrease In Net Assets                    (157,165)
Net Assets - Beginning Of Year              768,754

Net Assets - End Of Year                $   611,589
Music Library Association

Statement of Cash Flows

June 30, 2001


CASH FLOWS FROM OPERATING ACTIVITIES:

Change In Net Assets                                $ (157,185)
Adjustments To Reconcile Change In Net Assets To
 Net Cash Provided By Operating Activities:
Net Unrealized And Realized Losses On Investments
 in Marketable Securities                                46,165
Increase In Accounts Receivable                           (954)
Increase In Prepaid Expenses                              (650)
Decrease in Inventories                                  17,717
Decrease In Cash - Temporarily Restricted                   448
Net Change In Investments In Marketable Securities       94,489
Increase In Accounts Payable                             48,382

Net Cash Provided By Operating Activities                48,432

NET INCREASE IN CASH                                     48,432

CASH - BEGINNING OF YEAR                                 46,423

CASH - END OF YEAR                                  $    94,855

Music Library Association

Notes To Financial Statements

June 30, 2001

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