Financial Reports
Interstate Mining Compact Commission Statement of Financial Position for the Year Ended June 30, 2004
| ASSETS |
| Current Assets: |
| Cash |
$121,388.00 |
| Investments |
200,000.00 |
| Accounts receiveable |
3,485.00 |
| Prepaid expenses and deposits |
3,966.00 |
| Property and equipment, net |
6,870.00 |
| Total Assets |
$335,709.00 |
| LIABILITIES AND NET ASSETS |
| Liabilities: |
| Accounts payable |
3,485.00 |
| Accrued vacation |
5,492.00 |
| Total Liabilities |
8,977.00 |
| Net assets: |
| Unrestricted |
290,604.00 |
| Unrestricted, designated - capital assets |
36,128.00 |
| Total net assets |
326,732.00 |
| Total liabilities and net assets |
335,709.00 |
Interstate Mining Compact Commission Statement of Activities For the Year Ended June 30, 2004
| Unrestricted revenue and support |
|
| Revenue: |
| Assessments |
$351,056 |
| Government grants and contracts |
53,855 |
| Conferences and meetings |
10,692 |
| Interest income |
3,981 |
| Other income |
3,807 |
| Total revenue and support |
423,391 |
| Expenses: |
| Government programs |
46,933 |
| Administrative and general |
362,428 |
| Total expenses |
409,361 |
| Changes in net assets |
14,030 |
| Net assets, beginning of year - restated |
312,702 |
| Net assets, end of year |
$326,732 |
Interstate Mining Compact Commission Schedule B - Comparison of Expenses and Budget For the Year Ended June 30, 2004
| Description |
Government
Grants |
Admin &
General |
Total
Expenses |
Capital
Asset Fund |
Budget |
Variance |
| Salaries |
$--- |
$203,960 |
$203,960 |
$--- |
$204,000 |
$(40) |
| Employee benefits |
--- |
48,482 |
48,482 |
--- |
48,000 |
482 |
| Conference/ meetings |
3,019 |
25,921 |
28,940 |
--- |
16,000 |
12,940 |
| Insurance |
--- |
1,640 |
1,640 |
--- |
2,500 |
(860) |
| Office supplies |
--- |
2,477 |
2,477 |
--- |
3,500 |
(1,023) |
| Postage |
648 |
3,016 |
3,664 |
--- |
6,000 |
(2,336) |
| Printing |
--- |
506 |
506 |
--- |
2,500 |
(1,994) |
| Registration fees/ Subscriptions |
--- |
1,137 |
1,137 |
--- |
1,500 |
(363) |
| Equipment expenses |
--- |
2,826 |
2,826 |
--- |
3,500 |
(674) |
| Rent |
--- |
27,530 |
27,530 |
--- |
28,000 |
(470) |
| Telephone |
--- |
7,439 |
7,439 |
--- |
7,000 |
439 |
| Travel |
20,013 |
10,702 |
30,715 |
--- |
25,000 |
5,715 |
| Utilities |
--- |
981 |
981 |
--- |
1,500 |
(519) |
| Publications |
--- |
6,850 |
6,850 |
--- |
10,000 |
(3,150) |
| Depreciation |
--- |
3,490 |
3,490 |
--- |
--- |
3,490 |
| Contingency capital outlay |
--- |
--- |
--- |
--- |
12,000 |
(12,000) |
| Legal fees |
--- |
8,064 |
8,064 |
--- |
--- |
8,064 |
| Auditing |
--- |
3,900 |
3,900 |
--- |
4,000 |
(100) |
| Contractual Services |
23,227 |
--- |
23,227 |
--- |
--- |
23,227 |
| Other expenses |
26 |
3,507 |
3,533 |
--- |
1,600 |
1,933 |
| Total expenses |
$46,933 |
$362,428 |
$409,361 |
$--- |
$376,600 |
$32,761 |
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