Foundation Annual Report 2008-10 - Office of Statewide Health ...

Foundation Annual Report 2008-10 - Office of Statewide Health ... Foundation Annual Report 2008-10 - Office of Statewide Health ...

10.05.2014 Views

2010 in Health Professions Education Foundation Combined Statements of Revenues, Expenditures, and Changes in Fund Balance/Statements of Changes Fiduciary Net Assets, Years Ended June 30, 2010 Statements of Revenues, Expenditures, and Changes in Fund Balance Statements of Changes in Fiduciary Net Assets REVENUES Special Revenue Funds Private Purpose Trust Fund Total Contributions and Grants $676,606 $676,606 Surcharges for Professional licensing Fees $2,233,369 $1,691,360 $3,924,729 Student Loan Repayments $57,289 $27,614 $84,903 Interest Income $51,143 $50,940 $102,083 Other Revenue - Transfer In $1,000,000 $1,000,000 Total Revenues/Additions to Net Assets $2,341,801 $3,446,520 $5,788,321 EXPENDITURES Special Revenue Funds Private Purpose Trust Fund Total Student Financial Aid $3,004,618 $1,530,444 $4,535,062 Operating/Administrative $747,401 $495,238 $1,242,639 Total Deductions From Net Assets $3,752,019 $2,025,682 $5,777,701 Excess of Revenues over Expenditures/Increase (Decrease) in Net Assets $(1,410,218) $1,420,838 $10,620 OTHER FINANCING SOURCES Special Revenue Funds Private Purpose Trust Fund Total Operating Transfers In $2,768,855 $2,768,855 Excess of Revenues and other Financing Sources over Expenditures $1,358,637 $1,358,637 Net Assets, Beginning $8,542,824 $3,753,777 $12,296,601 Net Assets, Ending $9,901,461 $5,174,615 $15,076,076 44 Health Professions Education Foundation Report 2008-2010

Health Professions Education Foundation Report 2008-2010 45

<strong>Health</strong> Pr<strong>of</strong>essions Education <strong>Foundation</strong> <strong>Report</strong> <strong>2008</strong>-20<strong>10</strong> 45

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