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    GLCSF Financial Statement 2015-16

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    The Gull Lake Community Schools Foundation saw an increase in net assets from $1,046,997 in 2015 to $1,067,487 in 2016. Total income decreased from $221,983 in 2015 to $200,012 in 2016, while expenses also decreased from $220,865 in 2015 to $160,066 in 2016, resulting in a change in net assets of $166,343 for 2016.

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    GLCSF Financial Statement 2015-16

    Uploaded by

    api-203727323
    13 views1 page
    The Gull Lake Community Schools Foundation saw an increase in net assets from $1,046,997 in 2015 to $1,067,487 in 2016. Total income decreased from $221,983 in 2015 to $200,012 in 2016, while expenses also decreased from $220,865 in 2015 to $160,066 in 2016, resulting in a change in net assets of $166,343 for 2016.

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    The Gull Lake Community Schools Foundation saw an increase in net assets from $1,046,997 in 2015 to $1,067,487 in 2016. Total income decreased from $221,983 in 2015 to $200,012 in 2016, while expenses also decreased from $220,865 in 2015 to $160,066 in 2016, resulting in a change in net assets of $166,343 for 2016.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    13 views1 page

    GLCSF Financial Statement 2015-16

    Uploaded by

    api-203727323
    The Gull Lake Community Schools Foundation saw an increase in net assets from $1,046,997 in 2015 to $1,067,487 in 2016. Total income decreased from $221,983 in 2015 to $200,012 in 2016, while expenses also decreased from $220,865 in 2015 to $160,066 in 2016, resulting in a change in net assets of $166,343 for 2016.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 1

    Gull Lake Community Schools Foundation

    Financial Statement
    June 30, 2016
    June 30, 2015
    Assets:
    Cash
    Investments (cost)
    Total Assets

    $565,785
    $501,702
    $1,067,487

    $545,428
    $501,569
    $1,046,997

    Restricted Funds
    Endowment Funds
    Scholoarship Funds
    Unrestricted Net Assets
    Change in Net Assets
    Total Net Assets

    $114,603
    $239,838
    $368,308
    $178,395
    $166,343
    $1,067,487

    $124,516
    $236,705
    $358,578
    $181,345
    $145,853
    $1,046,997

    Contributions
    Investment Income
    Total Income

    $200,012
    $21,971
    $221,983

    $243,142
    $123,578
    $366,720

    Expenses:
    Distinguished Academic Awards
    Grants
    Investment & Bank Fees
    Administrative Expenses
    Scholarships Paid
    Total Expenses

    $5,803
    $53,138
    $2,928
    $15,591
    $82,606
    $160,066

    $6,560
    $102,684
    $3,607
    $11,527
    $96,487
    $220,865

    Change in Net Assets

    $166,343

    $145,853

    Net Assets:

    Income:

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