AOAC BOD June 2018 Pre-Meeting Materials

AOAC AND RESEARCH INSTITUTE Combined Statements of Financial Position December 31, 2017 AOAC 12/31/2017 RI 12/31/2017

Change

LIABILITIES

ACCOUNTS PAYABLE

234,362.51

105,484.77

339,847.28

ACCRUED EXPENSES

Accrued Leave Accrued Salaries Payroll Deductions Pension Contributions Pre-Tax Deductions

196,119.05 150,462.05 (1,014.40) 107,209.47 11,685.88

196,119.05 150,462.05 (1,014.40) 107,209.47 11,685.88

Sales Tax

-

TOTAL ACCRUED EXPENSES

464,462.05 - 464,462.05

DEFERRED INCOME

Suspense-Publications Deferred Income-Membership Deferred Income-Renewal Fees Deferred Income-Org Affiliates Deferred Income-Sustaining Mmbr

99,108.33

52,083.22 701,750.00

151,191.55 701,750.00 224,600.00 40,233.34 332,723.33 205,573.37 97,464.04 233,216.65 67,550.00 8,787.50 196.00

224,600.00 40,233.34

Deferred Income-Proficiency Testing 332,723.33 Deferred Income-Infant Formula PT 8,787.50

Deferred Income-Journal Deferred Income-OMA Online Deferred Income-Publications Deferred Income-Contracts Deferred Income-Exposition TOTAL DEFERRED INCOME

205,573.37 97,464.04 172,716.65 67,550.00 196.00

60,500.00

1,248,952.56 814,333.22 2,063,285.78

OTHER LIABILITIES

Other Deferred Income Due to NE Region Section Due to Research Institute

791,581.00

78,644.94

870,225.94

7,761.11

7,761.11

1,760,978.64

(0.02)

(1,760,978.66)

TOTAL OTHER LIABILITES

2,560,320.75 (1,682,333.72) 877,987.03

TOTAL LIABILITES

4,508,097.87 (762,515.73) 3,745,582.14

NET ASSETS

General Fund

2,946,980.44

6,058,738.95 24,000.00 51,913.00 22,939.00 72,446.00 - 784,406.69

3,111,758.51

Restricted Fund- Sponsorships Restricted Fund-Harvey Wiley

24,000.00 51,913.00 22,939.00 72,446.00

Restricted Fund TDRM Restrcted Fund-TDLM

Net Income-Year to Date

107,381.69

677,025.00

TOTAL NET ASSETS

3,225,660.13 3,788,783.51 7,014,443.64

TOTAL LIABILITIES AND NET ASSETS

7,733,758.00 3,026,267.78 10,760,025.78 - - -

For Management Use Only