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Cultural Council of Indian River County, Inc.
<br /> Statement of Activities
<br /> Year ended September 30 , 2002
<br /> (With comparative totals for 2001 )
<br /> 2002 2001
<br /> Temporarily Total
<br /> Unrestricted Restricted Total (memo only)
<br /> Revenues and other support
<br /> Grants from governmental agencies $ 236, 940 $ - $ 2369940 $ 188 , 869
<br /> Contributions 57, 895 - 57, 895 17, 550
<br /> Special events 16, 110 - 16 , 110 47,410
<br /> License plate revenue - 8,920 8,920 8,302
<br /> Membership fees 52975 - 5 ,975 10,325
<br /> Interest income 79 157 236 991
<br /> Other income 11329 - 1 ,329 1 ,028
<br /> Net assets released from restrictions
<br /> through satisfaction of purpose
<br /> restrictions 1 ,404 ( 1 ,404) - -
<br /> Total revenues and other support 319, 732 7, 673 327 ,405 274,475
<br /> Expenses
<br /> Program services .
<br /> Children's programs 1152576 - 1152576 104, 186
<br /> Tourist development 81 , 628 - 81 ,628 58,434
<br /> Cultural development 82, 050 - 827050 86 , 857
<br /> Total program services 279 ,254 - 279 ,254 2499477
<br /> Supporting services .
<br /> Management and general 31 ,340 - 31 ,340 232775
<br /> Special events 13 , 871 - 13 , 871 21 ,672
<br /> Total supporting services 459211 - 45 ,211 45 ,447
<br /> Total expenses 324,465 - 3241465 2949924
<br /> Increase (decrease) in net assets (43733 ) 79673 2,940 (202449)
<br /> Net assets, beginning of year (as restated) 29,342 4,094 339436 53 , 885
<br /> Net assets, end of year $ 24, 609 $ 11 ,767 $ 36, 376 $ 33 ,436
<br /> See accompanying notes to financial statements.
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