|
|
|
2002
Financial Report
| Catagory |
1998 |
1999 |
2000 |
2001 |
2002 |
Since
1998 |
| Fishing Access
|
$1,136,406 |
$758,692 |
$1,086,880 |
$457,733 |
$980,162 |
$4,419,873 |
| Education |
$409,340 |
$2,994,696 |
$155,787 |
$0 |
$30,000 |
$3,589,823 |
| Research |
$849,484 |
$1,947,212 |
$1,573,854 |
$550,911 |
$922,136 |
$5,843,597 |
| Habitat |
$750,000 |
$0 |
$0 |
$0 |
$30,000 |
$780,000 |
| Special Projects |
$0 |
$0 |
$450,000 |
$0 |
$0 |
$450,000 |
| Muskegon River Initiative |
$0 |
$0 |
$0 |
$766,581 |
$68,000 |
$834,581 |
| Sturgeon Initiative |
$0 |
$0 |
$0 |
$1,026,423 |
$291,689 |
$1,668,248 |
| Management/General Expenses* |
$263,777 |
$339,376 |
$352,577 |
$353,361 |
$359,157 |
$1,668,248 |
|
TOTAL
|
$3,409,007 |
$6,039,976 |
$3,619,098 |
$3,155,009 |
$2,681,144 |
$18,904,234 |
|
* all non-grant expenditures including
management expenses, insurance, taxes, publications,
professional services, etc.
2002 Financial Data
| Assets |
12/31/2002 |
12/31/2001
|
| Cash |
$468 |
$730 |
| Mortality compensation receivable |
$2,932,491 |
$2,822,678 |
| Investments |
$23,653,796 |
$26,852,023 |
| Land |
$910,716 |
$910,716 |
| Total
Assets |
$24,579,980 |
$27,778,469 |
| Liabilities |
12/31/2002 |
12/31/2001 |
| Accounts Payable |
$31,310 |
$29,040 |
| Grants Payable |
$10,074,341 |
$9,489,590 |
| Total Liabilities |
$10,105,651 |
$9,521,158 |
| Net Assets - Unrestricted
|
$14,474,329 |
$18,257,311 |
| Total Liabilities and Net Assets |
$24,579,980 |
$27,778,469 |
Full copy of the financial audit is available
upon request.
|
