AOAC BOD June 2018 Pre-Meeting Materials

AOAC RESEARCH INSTITUTE Statement of Financial Position Saturday, March 31, 2018

Change in March

YTD

ASSETS

Cash-Bank of America Money Mkt

(46.11)

269,293.32 430,078.49

Cash-PNC Bank

(92,131.47)

Morgan Stanley-Mutual Funds and CDs

(15,095.67)

2,237,147.69

Accounts Receivable

(25,682.50)

55,350.00 (2,000.00)

Allowance for Doubtful Accounts

Interest Receivable

148.49

Due from AOAC INTERNATIONAL

(824.07)

1,795,063.03

Prepaid Insurance

(390.42)

3,513.74

Advances

75.00

Equipment

2,388.98 (2,388.98)

Accumulated Depreciation

TOTAL ASSETS

(134,170.24)

4,788,669.76

CURRENT LIABILITIES Accounts Payable Deferred Membership Dues Deferred Renewal Fees

(42,676.72) (7,916.69) (36,250.00) (10,803.75)

76,688.28 43,333.55 585,500.00 104,227.42

Deposits

TOTAL CURRENT LIABILITIES

(97,647.16)

809,749.25

NET ASSETS Beginning Net Assets Net Income Year to Date

3,788,783.51 190,137.00

(36,523.08)

TOTAL NET ASSETS

(36,523.08)

3,978,920.51

TOTAL LIABILITIES AND NET ASSETS

(134,170.24)

4,788,669.76

For Managment Use Only