The Vietnam Education Foundation 2011 Annual Report
The Vietnam Education Foundation 2011 Annual Report
The Vietnam Education Foundation 2011 Annual Report
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Page 78 <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
NOTE 6 – EARMARKED FUNDS (CONTINUED)<br />
<strong>Vietnam</strong> <strong>Education</strong> <strong>Foundation</strong><br />
Notes to Financial Statements<br />
September 30, <strong>2011</strong> and 2010<br />
FY <strong>2011</strong><br />
VEF Earmarked<br />
Funds<br />
VEF Other<br />
Funds Total Funds<br />
Balance Sheet as of Sept. 30<br />
ASSETS<br />
Fund Balance with Treasury $ 5,141,640<br />
$ 5,141,640<br />
Total Assets $ 5,141,640 $ $ 5,141,640<br />
Intragovernmental Liabilities:<br />
Accounts Payable $ 10,597<br />
$ 10,597<br />
Other Liabilities $ 2,048<br />
$ 2,048<br />
Total Intragovenmental Liabilities $ 12,645 $ $ 12,645<br />
Liabilities with the Public:<br />
Accounts Payable $ 48,148<br />
$ 48,148<br />
Other Liabilities $ 152,612<br />
$ 152,612<br />
Total Liabilities with the Public $ 200,760<br />
$ 200,760<br />
Total Liabilites $ 213,405 $ $ 213,405<br />
Cumulative Results of Operations $ 4,928,235<br />
$ 4,928,235<br />
Total Liabilities and Net Position $ 5,141,640 $ $ 5,141,640<br />
Statement of Net Cost For the<br />
Period Ended Sept. 30<br />
Gross Program Costs $ 4,900,797 $ 42,299 $ 4,943,096<br />
Net Program Costs $ 4,900,797 $ 42,299 $ 4,943,096<br />
Net Cost of Operations $ 4,900,797 $ 42,299 $ 4,943,096<br />
Statement of Changes in Net Position<br />
For the Period Ended Sept. 30<br />
Net Position Beginning of Period $ 4,829,033<br />
$ 4,829,033<br />
Non-Exchange Revenue<br />
Other Financing Sources<br />
Transfer In Without Reimbursement $ 5,000,000<br />
$ 5,000,000<br />
Imputed Financing $ 42,299 $ 42,299<br />
Total Financing Sources $ 5,000,000 $ 42,299 $ 5,042,299<br />
Net Cost of Operations $ 4,900,797 $ 42,299 $ 4,943,096<br />
Change in Net Position $ 99,203 $ $ 99,203<br />
Net Position End of Period $ 4,928,235 $ $ 4,928,235<br />
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