Page 7 - annual-report-2019
P. 7
sTATeMenT of Revenue And exPenses, unResTRiCTed neT AsseTs
December 31, 2019, with Comparative Totals For 2018
Revenue 2019 2018 expenses 2019 2018
Membership subscriptions $791,469 $826,633 Staff expenses $1,946,609 $1,905,284
Donations (excluding bequests) 686,640 860,889 Library materials 148,607 145,999
Lectures and events 33,402 37,677 Library services 188,040 164,109
Book sales 4,473 6,926 Library programs 26,709 31,335
Lost books and fines 8,266 9,615 Fundraising & membership development 227,815 249,982
Postage reimbursements 1,087 1,102 Building (excluding depreciation) 396,464 402,514
Photocopy fees 652 364 Professional fees 47,563 47,451
Miscellaneous income 13,942 46,178 Miscellaneous 46,047 43,117
Total Revenue $1,539,931 $1,789,384 Total expenses $3,027,854 $2,989,791
2019 2018
Decrease in net assets before allocation of four and three quarter percent (43/4%) from endowment (1,487,923) (1,200,407)
Allocation of four and three quarter percent (43/4%) from endowment 1,629,734 1,547,196
increase in net Assets $141,811 $346,789
Notes: This statement includes unrestricted revenue and expenses only.
All other funds are accounted for separately. Full audited financial statements are available at the Library.
The approximate market value of investments on December 31, 2019 was $41,343,000.
