The Vietnam Education Foundation 2011 Annual Report

Annual Report 2011 Page 79
NOTE 6 – EARMARKED FUNDS (CONTINUED)
FY 2010
VEF Earmarked
Funds
VEF Other
Funds Total Funds
Balance Sheet as of Sept. 30
ASSETS
Fund Balance with Treasury $ 5,352,207
$ 5,352,207
Total Assets $ 5,352,207 $ $ 5,352,207
Intragovernmental Liabilities:
Accounts Payable $ 6,300
$ 6,300
Other Liabilities $ 6,289
$ 6,289
Total Intragovenmental Liabilities $ 12,589 $ $ 12,589
Liabilities with the Public:
Accounts Payable $ 356,245
$ 356,245
Other Liabilities $ 154,340
$ 154,340
Total Liabilities with the Public $ 510,585
$ 510,585
Total Liabilites $ 523,174 $ $ 523,174
Cumulative Results of Operations $ 4,829,033
$ 4,829,033
Total Liabilities and Net Position $ 5,352,207 $ $ 5,352,207
Statement of Net Cost For the
Period Ended Sept. 30
Gross Program Costs $ 4,861,598 $ 24,307 $ 4,885,905
Net Program Costs $ 4,861,598 $ 24,307 $ 4,885,905
Net Cost of Operations $ 4,861,598 $ 24,307 $ 4,885,905
Statement of Changes in Net Position
For the Period Ended Sept. 30
Net Position Beginning of Period $ 4,690,631
$ 4,690,631
Non-Exchange Revenue
Other Financing Sources
Transfer In Without Reimbursement $ 5,000,000
$ 5,000,000
Imputed Financing $ 24,307 $ 24,307
Total Financing Sources $ 5,000,000 $ 24,307 $ 5,024,307
Net Cost of Operations $ 4,861,598 $ 24,307 $ 4,885,905
Change in Net Position $ 138,402 $ $ 138,402
Net Position End of Period $ 4,829,033 $ $ 4,829,033
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