Theatre Design & Technology - Winter 1996 - 73

CSITT FI;\A:\CIAL STA.TDIE:\T
The LSIIT Financial Statemem shO\m belO\r is taken from the financial
reriew performed br James ~1. B~Uldoblu. Certified Public .-\ccoumam.
\rith information prorided br our Treasurer. Christine L. Kaiser. This re\ie\\, presented to the LSIIT Board of Directors at their Wimer Board

Meetings. contains additional detailed schedules. summan of significant
accounting policies. COmJ1lilmemS and contingencies information and
note of financial erents occurring after the close of the fiscal year.
The financial records of the corporation are maimained in the offices of our Treasurer and our records are ayailable for inspection upon
request.

USITT 1995 FINANCIAL STATEMENT (unaudited)
United States Institute for Theatre Technology, Inc.
STATE~tENT

BALA.'iCE SHEETS
June 30.1995 ;UldJune 30,199-1
ASSETS
Current Assets:
Cash (including certificates of deposit)
Accounts Receivable
Advances Receivable
Inventory - Publications
Prepaid Expenses
Total Current Assets
Property and Equipment:
Furnimre and Equipment
Less: Accumulated Depreciation
Property and Equipment - Net
Other Asset:
Deposits
Total Other Asset
Total Assets
LIABILITIES ND F ND BALAJ CES
Current Liabilities:
Accounts Payable...........................
Accrued Pa}1'01l & Withholding Taxes
Customer Deposits ;Uld
Advrulce Registrations
Total Current Liabilities
Fund Balances:
'nrestlicted:
Operating Fund
Conference Fund
Commissioners Fund
Restricted:
Endo\yment Fund
FLxedAsset Fund
International Activities Fund
New Century Fund
PQ '95 Fund
Rigging Fund
Total Fund Balances

1995

1994

S 453,062
39,645
9,768
20,879
1,284
524,638

280,957
24,018
11,212
6,026
98
323,191

111,250
83,232
28,018

100,458
70,851
29,607

6,271
6,139
6,271
6,139
$ 558,927 358,937

29,822
6,102

23,550
,817

31,399
67,323

22,810
54,177

(14,750)
3I ,400
26,35

(3, 23)
132,282
16,142

86,945
25,018
35,749
18,325
(4,078)
638
-19 I,60'1

83,724
23,607
31,244
16,225
4,555
704
304, 60

Total Liabilities and Fund Balances ..... $ 558,927

OF REVE ES, EXPE~SES .-\..\"D
CHAI 'GES IN FUND HAL-\..'iCES
Fiscal Yeru's Ended
June 30, 1995 and June 30, 199-1
1995

Revenue:
Operating Fund
Conference Fund
Commissioners Fund
EndO\yment Fund
Fixed Asset Fund
International r\cti\~ties Fund
New Century Fund
PQ '95 Fund
Rigging Fund
Total Revenue

1994

S -117,394 383,068
638,660 -113,536
15,-178
5,369
6,221
15,-13
..
31,880
30,000
3,100
16,225
3I,450
5,000
..
$ 1,144,183 868,635

Functional Expenses:
Presidential Directives &
Compensation
r\ational Office Expenses
Secretarial Expenses
Treasurer Expenses
VP-Relations, Developmem,
Commissions, Conference, Projects
VP-Communications Expenses
Special Allocations Expenses
Conference Fund Expenses
Commissioners Fund Expenses
Endowment Grants Made
Depreciation
International Activities Fund Expenses
PQ '95 Fund Expenses
Rigging Fund Expenses
Total Functional Expenses

46,496
53,319
15 ,100 128,409
1,310
350,542 312.384
5,263
3,223
4,000
1.500
12,38 I
11,68
2 .375
18,464
40,083
'145
66
82
$ 957,339 832,547

Excess (Deficiency) of
Revenue over Expenses

$ 186,844

36,088

Fund Bal;U1ces - End of Period

$ 491,604

304,760

S 104,555
164,233
1,754
42,181

Ir,I98
126,033
2,030
37, 73

358,937

II/side USIIT. edited ~r William I B,I'l'I1es. lSlrr I 'ice-President for .1Iarketing [- Del'elopment. is a colllnlll del'Oted to nell's and i1i!ormation abollt tbe Insfilllte. and discllssion o/topics in greater deptb tball 5jJace permits in tbe montb(r nell'sleffer. In addition. Inside [SITr serres to gil'e lion-member readers
some illsigbt into tbe bllsiness 0/ lSln tbe American Association ofDesign and Prodllction Projessionals in tbe Peljcmning Arts. 1'0111' /'iell's and comments
are lI'elcome. rOil I' partic/j}{/tion in l SilT commiffees and commissions is also ill/'ited andll'elcome.
TD&T

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Table of Contents for the Digital Edition of Theatre Design & Technology - Winter 1996
