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Indian River County Healthy Start Coalition, Inc. ; <br /> Notes to Financial Statements (continued) <br /> Note 1 — Summary of Significant Accounting Policies (continued) <br /> Use of Estimates <br /> The preparation of financial statements in conformity with generally accepted accounting <br /> principles requires management to make estimates and assumptions that affect certain reported <br /> amounts and disclosures . Accordingly, actual results could differ from those estimates . <br /> Note 2 — Uninsured Cash Balances <br /> The Coalition maintains depository accounts at three local banks . Cash accounts at each bank are <br /> insured by the FDIC up to $ 100,000. Amounts in excess of insured limits were approximately <br /> $51 ,000 at June 30, 2002, <br /> Note 3 — Property and Equipment, net <br /> The following is a summary of property and equipment: <br /> Balance Balance <br /> June 30, 2001 Additions Deletions June 30, 2002 <br /> Furniture and equipment $ 95,349 $ 109942 $ (3 ,608) $ 102,683 <br /> Accumulated depreciation (32, 860) (22, 193) 1 , 142 (53 ,911 ) <br /> $ 62,489 $ ( 11 , 251 ) $ (2,466) $ 48 ,772 <br /> Note 4 — Temporarily Restricted Net Assets <br /> At June 30, 2002, temporarily restricted net assets consisted of a $ 12,000 contribution restricted <br /> toward a family assessment worker position. There were no temporarily restricted net assets at <br /> June 30, 2001 . <br /> Note 5 — Deferred Revenue <br /> Deferred revenue consists of the following:" <br /> June 30, 2002 2001 <br /> Ounce of Prevention/Healthy <br /> Families grant $ 88,000 $ 887000 <br /> -8 - <br />