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Substance Abuse Council of Indian River County, Inc. <br /> Notes to Financial Statements (continued) <br /> Note 2 — Property and Equipment, net <br /> The following is a summary of property and equipment : <br /> Balance Balance <br /> September 30, September 30, <br /> 2001 Additions Deletions 2002 <br /> Furniture and equipment $ 925497 . $ 5 , 058 $ - $ 97,555 <br /> Accumulated depreciation (372517) ( 162951 ) (54,468) <br /> $ 54,980 $ ( 11 , 893 ) $ - $ 43 ,087 <br /> Note 3 — Temporarily Restricted Net Assets <br /> Temporarily restricted net assets consist of the following : <br /> September 30 , 2002 2001 <br /> Character Counts training program $ 8 ,368 $ 23 , 126 <br /> Capital purchases - 3 ,600 <br /> Dasie Hope Outreach program 40 41663 <br /> $ 82408 $ 31 ,389 <br /> Note 4 — Accrued Compensated Absences <br /> Accrued compensated absences reflect the liability of the Council for accrued annual leave of its <br /> employees . <br /> Note 5 — Deferred Revenue <br /> Deferred revenue consists of entry fees, which were received during the fiscal years ended <br /> September 30, 2002 and 2001 , for golf tournament fundraisers held subsequent to the respective <br /> years ' end . <br /> Note 6 — Concentrations <br /> For the year fiscal years ended September 30, 2002 and 2001 , the Council received approximately <br /> 70% of its revenue, from governmental agency grants . <br />