Theatre Design & Technology - Winter 1995 - 64

USIIT members.
FIXED ASSET FUND- This fund is mainrained for the
purpose of acquiring property and equipmenr. At various
times the Board will rransfer funds from the operating
accounr ro acquire capital assets.
INTERNATIONAL ACTIVITIES F
0- The purpose of
this fund is ro provide supporr for inrernational activities
beyond the capability of the operating budger.
1 EW CE TURY F
0- This fund was established during
the year ended June 30, 1994. Irs purpose is ro provide a receptacle for volunrary conrriburions, planned giving, life-rime gifts,
memorial gifrs, estate bequests, and special awards as selected by
donors.
PQ '95 F
0- This fund was established during the year ended
June 30, 1994. Irs purpose is ro assist in the funding of the
Institute's enrty inro the 1995 Prague Quadrennial, an inrernational exhibition held every four years in the Czech Republie.
RIGGI G FUND- This fund supporrs efforrs ro produce

standards and professional guidelines for rigging and stage
machinery.
USITT's UNRESTRICTED FU OS are designated by the USITT
Board of Direcrors. The OPERATI G FUI 0 encompasses all of the
activiry of the USITT Operating Budget, basically all US ITT nonconference activity. The CO FEREI CE FUI 0 includes all activiSITT Annual Conferences and Stage Expo. The
ties of the
COMMISSIONERS F
0 derives from a ponion of the revenue
less expenses from the production of Pre-Conference Evenrs at the
Annual Conference. The COMMISSIO lERS FUND supporrs
activity of the nine USITT Commissions beyond the scope of the
operating budger.
Whereas a for-profit corporation repons its financial value as
Retained Earnings, a Not-for-Profit corporation's financial worth is
expressed in the sum of its Fund Balances. USIIT is very pleased ro
have concluded its 1993/94 fiscal year with a positive and improved
Fund Balance rotal.

USITT 1994 FINANCIAL STATEMENT

(unaudited)

United States Institute for Theatre Technology, Inc.

BALANCE SHEETS
lundO, 1994 and lundO, 1993
1994
Current Assets:
Cash (including certificates of deposit)
$ 280,957
Accounrs Receivable
.
24,018
11,212
Advances Receivable
.
Inventory-Publications
.
6,026
Prepaid Expenses .........*.........
978
Total Current Assets
.
323,191
Property and Equipment:
Furniture and Equipment
.
100,458
Less: Accumulated Depreciation
.
70,851
Proper')' and Equipment - I et
.
29,607
Other Asset:
Lease Deposit ..............*.......
6,139
Total Other Asset
.
6,139
Total Assets
$ 358,937
ASSETS

1993
212,364
20,812
40,220
7,827
10,324
291,547
84,137
59,164
24,973
6,221
6,221
322,741

LIABILITIES AND FUND BALANCES
Current Liabilities:
Accounts Payable
$
23,550
Accrued Payroll & Withholding Taxes
.
7,817
Customer Deposits and
Advance Regisuations
.
22,810
Total Current Liabilities
.
54,177
Fund Balances:
Untestricted:
Operating Fund
.
0,723)
Conference Fund
.
132,282
Commissioners Fund
.
16,142
Restricted:
Endowment Fund ....*.........
83,724
Fixed Asset Fund
.
23,607
International Activities Fund
.
31,244
ew Century Fund ..........*..
16,225
PQ'95 Fund
.
4.555
Rigging Fund
.
704
Total Fund Balances
. 304,760

786
268,672

$ 358,937

322,741

Total Liabilities and Fund Balances

WI,

TER

1995

TD&T

15,686
4,035
34,348
54,069

26,792
112,630
13,996
69,787
24,973
19,708

STATEMENT OF REVENUES, EXPE SES AND
CHANGES IN FUND BALANCES
Fiscal Years Ended
lundO, 1994 and lundO, 1993

Revenue:
$
Operating Fund
Conference Fund
.
Commissionets Fund
.
Endowment Fund
.
Fixed Asset Fund
.
International Activities Fund
.
ew Century Fund
.
PQ'95 Fund .........*............
Rigging Fund
.
Total Revenue
$
Functional Expenses:
Presidential Directives &
Compensation
ational Office Expenses
Secretarial Expenses
Treasurer Expenses
VP-Relations, Development,
Commissions, Conference, Projects
VP-Communications Expenses
Special Allocations Expenses
Conference Fund E.xpenses
Commissioners Fund Expenses
Endowment Grants Made
Depreciations
International Activities Fund Expenses
PQ '95 Fund E.xpenses
Rigging Fund Expenses
Total Functional Expenses

.
.
.
.
.
.
.
.
.
.
.

Excess (Deficiency) of
Revenue over Expenses

Fund Balances - End of Period

.
.
.

1994

1993

383,068
413,536
5,369
15,437

372,193
376,229
4,451
4,342

30,000
16,225
5,000

20,000

868,635

1,368
778.583

138,482
126,033
2,030
37,773

133,703
115,235
2,079
33.578

52,035
128,409

35,663
123,261
4,025
306,246
2,204
2,000
9,464
19,803

312,384
3,223
1,500
8,687
18,464
445
82
832,547

682
787,943

36,088

(9,360)

$ 304,760

268,672

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