Audit Report

This is the statement of support, revenues, expenses, and changes in the fund balances of the Linguistic Society for the year ending 30 September 2000.  A copy of the financial statements is available from the Secretariat.

Unrestricted

                                                                                General                  Designated            Temporarily                                                                         

                                                                                Fund                       Investment             Restricted              Total                       

                                                ASSETS

Current Assets

Cash and equivalents                                         $              -               $    164,147    $        123,873     $            288,020

Investments                                                            214,506                 1,061,396             242,533                   1,518,435

Accounts receivable                                                    4,550                             -                                 -                               4,550

Interfund receivable (payable)                                (36,190)                   36,190                                 -                                       -

Prepaid expenses                                                         7,613                              -                                 -                               7,613

Total current assets                                           190,479               1,261,733                    366,406                         1,818,618

Fixed Assets                                                          

Building                                                                  137,440                              -                                 -                           137,440

Property Improvements                                            4,535                              -                                 -                               4,535

Furniture and fixtures                                               11,851                       2,134                       15,689                             29,674

Less: accumulated depreciation                               (98,266)                       (457)                      (8,652)                       (107,375)

Net fixed assets                                                   55,560                       1,677                         7,037                           64,274

Total assets                                                             $   246,039              $  1,263,410            $      373,443                     $1,882,892

                                                                               

LIABILITIES AND NET ASSETS

Current liabilities                                                   

Accounts payable                                             $     27,878              $                   -          $                 -                     $      27,878

Accrued expenses                                                     14,846                                   -                            -                            14,846

Deferred revenue                                                      86,828                                   -                             -                             86,828

Total current liabilities                                     129,552                                   -                           -                           129,552

Long-term liabilities                                               

Deferred revenue                                                       47,885                                 -           __________-                            47,885

Total liabilities                                                              177,437                                  -                            -                           177,437

Net assets                                                                       68,602                   1,263,410                 373,443                        1,705,455

Total liabilities and net assets                                 $   246,039             $     1,263,410         $     373,443                      $1,882,892

The balances in the restricted funds are as follows with comparative totals for 1996-1999:

Year                                                                       1996                    1997                    1998                    1999                      2000

Fund for Future of Linguistics                        $124,488             $167,207             $164,287             $120,253                 $104,982

Linguistic Institutes                                          158,130               194,849               195,947               213,355                   225,630

Membership Assistance                                     15,386                 16,191                17,109                  16,664                     17,848

Committee on Status of Women                           4,558                   3,601                  4,043                    4,740                       3,292

Child Care Assistance                                           8,716                   8,613                  9,098                    9,158                       9,886

Capital Equipment                                                7,286                   5,983                  5,203                    4,263                       3,171

Linguistics in the Public Sector                             5,715                   9,757                11,949                    7,709                       4,852

Other                                                                       935                   1,532                  5,304                    2,351                       3,782

Total                                                                 $325,21             $407,733            $412,940              $378,493                $373,443