I@UI@IIUUII@II@1111111 HII@I@I@liiiUIIU - HPS Repository ...
I@UI@IIUUII@II@1111111 HII@I@I@liiiUIIU - HPS Repository ...
I@UI@IIUUII@II@1111111 HII@I@I@liiiUIIU - HPS Repository ...
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REPORT OF THE TREASURER . 59<br />
MARINE BIOLOGICAL LABORATORY<br />
BALANCE SHEETS<br />
December 31,1963 and 1962<br />
Endowment Funds 1963 1962<br />
Endowment funds given in trust for benefit of the Marine Biological<br />
Laboratory $1,243,327 $1,243,412<br />
Endowment funds for awards and scholarships:<br />
Principal 126,980 126,302<br />
Unexpended income 12,077 11,353<br />
139,057 137,655<br />
Unrestricted funds functioning as endowment 206,378 206,378<br />
Retirement fund 108,481 94,048<br />
Pooled investments—accumulated gain 11,190 13,487<br />
Plant Funds<br />
$1,708,433 $1,694,980<br />
Funds expended for plant, less retirements 4,931,472 4,900,749<br />
Less allowance for depreciation charged thereto 1,313,162 1,247,149<br />
Current Liabilities and Funds<br />
$3,618,310 $3,653,600<br />
Accounts payable and accrued expenses 62,763 35,729<br />
Advance subscriptions 10,362 7,524<br />
Unexpended grants—research 110,433 344,437<br />
Unexpended balances of gifts for designated purposes 13,531 9,461<br />
Current fund 177,129 114,570<br />
$ 374,218 $ 511,721<br />
Note.—The Laboratory has since January 1, 1916 provided for reduction of book amounts<br />
of plant assets and funds invested in plant at annual rates ranging from 1% to 5% of the original<br />
cost of the assets.