“Planning by the Numbers” Marc Hunt, OSI Conservation Lending Program - Southern Appalachians...
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Transcript of “Planning by the Numbers” Marc Hunt, OSI Conservation Lending Program - Southern Appalachians...
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Planning by the NumbersMarc Hunt, OSI Conservation Lending Program - Southern Appalachians Coordinator and Manager of Credit Operations
Peter Howell, OSI Executive Vice-President
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Seminar GoalsTo add a strong financial dimension to your planning.To demystify the accounting environment.To provide tools and next steps for you to move forward.
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The Open Space Institute (OSI) protects scenic, natural, and historic landscapes to ensure public enjoyment, conserve habitats, and sustain community character. OSI achieves its goals through land acquisition, conservation easements, regional loan programs, fiscal sponsorship, creative partnerships, and analytical research.
- The OSI Mission Statement
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OSI ProgramsLand Protection in New York StateConservation Finance ProgramConservation Institute Research and Education
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The Strategic Planning Cycle
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An Effective Strategic Plan:Derives from a clear mission.Involves board, staff, and stakeholders in development.Is written but brief and readable.Is updated periodically.Specifies goals, action items, and measurable outcomes.Is understood and embraced.
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Organizational Culture and Authority
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Finance in the Organization
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Meet The Jones
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2 parents, each age 28, both on career paths Home in a quiet neighborhood, kids (ages 2 and 4), a cat named Gandhi.Committed to a life of strong family unity, commitment ot the larger community, healthy living, intellectual curiosity, and adventure.Family (Strategic) Goals: Modest but comfortable lifestyle.Freedom to be selective about careers, place, etc.Capacity to educate kids through college.Freedom to travel and find adventure.Long, healthy retirement.
*In Handout
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Personal Net Worth Statement ASSETS 12/31/2006 Age 28 Cash and Savings 5,000 IRA or Other Retirement Account 15,000 Educational Savings Funds (for Kids) 1,000 Stocks, Bonds, and Other Financial Assets - Real Estate 155,000 Automobile and Other Personal Property 40,000 Total 216,000 LIABILITIES Credit Card and Consumer Debt 1,000 Automobile Notes Payable 16,000 Student Loans 23,000 Mortgages on Real Estate 140,000 Total 180,000 Net Worth 36,000
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Personal Net Worth Statement ASSETS 12/31/2006 Age 2812/31/2046 Age 68 Cash and Savings 5,000 50,000 IRA or Other Retirement Account 15,000 350,000 Educational Savings Funds (for Kids) 1,000 - Stocks, Bonds, and Other Financial Assets - 150,000 Real Estate 155,000 275,000 Automobile and Other Personal Property 40,000 80,000 Total 216,000 905,000 LIABILITIES Credit Card and Consumer Debt 1,000 1,000 Automobile Notes Payable 16,000 - Student Loans 23,000 - Mortgages on Real Estate 140,000 - Total 180,000 1,000 Net Worth 36,000 904,000
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*In Handout
Personal Net Worth Statement ASSETS 12/31/2006 Age 2812/31/2016 Age 3812/31/2026 Age 4812/31/2036 Age 5812/31/2046 Age 68 Cash and Savings 5,000 10,000 15,000 30,000 50,000 IRA or Other Retirement Account 15,000 50,000 125,000 225,000 350,000 Educational Savings Funds (for Kids) 1,000 35,000 65,000 20,000 - Stocks, Bonds, and Other Financial Assets - 10,000 50,000 100,000 150,000 Real Estate 155,000 155,000 155,000 275,000 275,000 Automobile and Other Personal Property 40,000 45,000 55,000 75,000 80,000 Total 216,000 305,000 465,000 725,000 905,000 LIABILITIES Credit Card and Consumer Debt 1,000 2,600 3,700 1,350 1,000 Automobile Notes Payable 16,000 15,000 5,000 - Student Loans 23,000 15,000 - - - Mortgages on Real Estate 140,000 120,000 50,000 50,000 - Total 180,000 152,600 58,700 51,350 1,000 Net Worth 36,000 152,400 406,300 673,650 904,000
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BS & Key
Southern Appalachian Highlands Conservancy
Historic Balance Sheets
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
20002001200220032004200520062007
Acres Under Protection12,26712,59613,39615,44218,04519,33619,43919,439
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,268619,897753,145839,7721,127,568
Grants and PledgesReceivable54,00061,41150,744119,02138,59038,96357,193
Other Current Assets3,3130.013,7769,0518,9678,9678,9678,967
Total Current Assets337,326720,681749,788747,969800,702887,7021,193,7288,967
Fixed and Other Assets
Investments - General Endowment Fund24,45225,06723,43623,14725,18732,891107,988
Investments - Stewardship Endowment Fund181,489270,524373,174493,420538,790624,490752,217
Total Endowment and Board-Designated Funds205,941295,591396,610516,567563,977657,381860,2050.0
Lands Held for Protection - Fee1,188,083560,2521,305,1451,352,3401,650,8041,938,9884,932,664
Lands Held for Protection - Easement6,118,9356,597,4056,597,4057,064,4228,459,3008,459,30011,900,521
Total Conservation Land Holdings7,307,0187,157,6577,902,5508,416,76210,110,10410,398,28816,833,1850.0
Other Fixed Assets, Net of Depreciation45,87451,24749,09251,18345,92341,92350,704
Total Fixed/Other Assets7,558,8337,504,4958,348,2528,984,51210,720,00411,097,59217,744,0940.0
Total Assets7,896,1598,225,1769,098,0409,732,48111,520,70611,985,29418,937,8228,967
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,16833,58941,7939,71724,12125,669
Current Portion of Notes Payable73,5093,4273,4272,42712,4272,4272,4270.0
Total Current Liabilities86,03018,53451,59536,01654,22012,14426,54825,669
Long-Term Liabilities
Notes Payable268,68019,41291,986134,55987,13384,22481,22280,742
Total Liabilities354,71037,946143,581170,575141,35396,368107,770106,411
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7941,617,797230,345623,141916,205947,719
Temporarily Restricted Net Assets268,661714,618850,824856,5401,018,063840,6471,052,8121,052,812
Permanently Restricted Net Assets6,143,3866,622,4726,620,8417,087,56910,130,95410,425,13816,861,03516,861,035
Total Net Assets7,541,4498,187,2308,954,4599,561,90611,379,36211,888,92618,830,05218,861,566
Total Liabilities and Net Assets7,896,1598,225,1769,098,0409,732,48111,520,71511,985,29418,937,82218,967,977
AnalysisAverage
Rate of Growth - Land Under Protection (Acres)3%6%15%17%7%1%0%9%
Rate of Growth - Land Under Protection ($$)-2%10%7%20%3%62%-100%20%
Rate of Growth - Net Assets9%9%7%19%4%58%0%20%
Ratio of Net Assets : Lands Under Protection (Acres)$615 per Acre$650 per Acre$668 per Acre$619 per Acre$631 per Acre$615 per Acre$969 per Acre$970 per Acre
Ratio of Net Assets : Lands Under Protection ($$)103%114%113%114%113%114%112%0%
Liquidity - Current Assets Less Current Liabiltiies251,296702,147698,193711,953746,482875,5581,167,180(16,702)
Rate of Growth - Liquidity179%-1%2%5%17%33%-101%11%
Stewardship Endowment Fund0.00.0373,174493,420538,790624,490752,2170.0
Rate of Growth - Stewardship Fund0%32%9%16%20%-100%19%
Ratio - Stewardship Fund Balance : Land Under Protection (Acres)0.00.0$28 per Acre$32 per Acre$30 per Acre$32 per Acre$39 per Acre$0 per Acre
Ratio - Stewardship Fund Balance : Land Under Protection ($$)0%0%5%6%5%6%4%0%
0%74%9%-86%171%47%3%2%
$0 per Acre$0 per Acre$111 per Acre$105 per Acre$13 per Acre$32 per Acre$47 per Acre$49 per Acre
0%0%19%19%2%6%5%0%
General/Operating Endowment Fund23,43623,14725,18732,891107,9880.0
Rate of Grwoth - Gerneral/Operating Endowmnet Fund-1%9%31%228%-100%67%
BS2
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
200020012002200320042005
Acres Under Protection12,26712,59613,3960.00.00.0
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,2680.00.00.0
Grants and PledgesReceivable54,00061,41150,7440.00.00.0
Other Current Assets3,3130.013,7760.00.00.0
Total Current Assets337,326720,681749,7880.00.00.0
Fixed and Other Assets
Investments - General/Operating Endowment Fund24,45225,06723,4360.00.00.0
Investments - Acquisitions Endowment Fund0.00.00.00.0
Investments - Board Designated Stewardship Fund0.00.0373,174
Investments - Stewardship Endowment Fund0.00.00.00.0
Total Endowment and Board-Designated Funds0.00.0396,6100.00.00.0
Lands Held for Protection - Fee1,188,083560,2521,305,1450.00.00.0
Lands Held for Protection - Easement6,118,9356,597,4056,597,4050.00.00.0
Total Conservation Land Holdings7,307,0187,157,6577,902,5500.00.00.0
Other Fixed Assets, Net of Depreciation45,87451,24749,0920.00.00.0
Total Fixed/Other Assets0.00.08,348,2520.00.00.0
Total Assets0.00.09,098,0400.00.00.0
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,1680.00.00.0
Current Portion of Notes Payable73,5093,4273,4270.00.00.0
Total Current Liabilities86,03018,53451,5950.00.00.0
Long-Term Liabilities
Notes Payable268,68019,41291,9860.00.00.0
Total Liabilities354,71037,946143,5810.00.00.0
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7940.00.00.0
Temporarily Restricted Net Assets268,661714,618850,8240.00.00.0
Permanently Restricted Net Assets6,143,3866,622,4726,620,8410.00.00.0
Total Net Assets7,541,4498,187,2308,954,4590.00.00.0
Total Liabilities and Net Assets7,896,1598,225,1769,098,0400.00.00.0
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
2000200120022003200420052006
Acres Under Protection12,26712,59613,39615,44218,04519,33619,439
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,268619,897753,145839,7721,127,568
Grants and PledgesReceivable54,00061,41150,744119,02138,59038,96357,193
Other Current Assets3,3130.013,7769,0518,9678,9678,967
Total Current Assets337,326720,681749,788747,969800,702887,7021,193,728
Fixed and Other Assets
Investments - General Endowment Fund24,45225,06723,43623,14725,18732,891107,988
Investments - Stewardship Endowment Fund373,1740.00.00.00.0
Total Endowment and Board-Designated Funds24,45225,067396,610516,567563,977657,381860,205
Lands Held for Protection - Fee1,188,083560,2521,305,1451,352,3401,650,8041,938,9884,932,664
Lands Held for Protection - Easement6,118,9356,597,4056,597,4057,064,4228,459,3008,459,30011,900,521
Total Conservation Land Holdings7,307,0187,157,6577,902,5508,416,76210,110,10410,398,28816,833,185
Other Fixed Assets, Net of Depreciation45,87451,24749,09251,18345,92341,92350,704
Total Fixed/Other Assets7,377,3447,233,9718,348,2528,984,51210,720,00411,097,59217,744,094
Total Assets7,714,6707,954,6529,098,0409,732,48111,520,70611,985,29418,937,822
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,16833,58941,7939,71724,121
Current Portion of Notes Payable73,5093,4273,4272,42712,4272,4272,427
Total Current Liabilities86,03018,53451,59536,01654,22012,14426,548
Long-Term Liabilities
Notes Payable268,68019,41291,986134,55987,13384,22481,222
Total Liabilities354,71037,946143,581170,575141,35396,368107,770
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7941,617,797230,345623,141916,205
Temporarily Restricted Net Assets268,661714,618850,824856,5401,018,063840,6471,052,812
Permanently Restricted Net Assets6,143,3866,622,4726,620,8417,087,56910,130,95410,425,13816,861,035
Total Net Assets7,541,4498,187,2308,954,4599,561,90611,379,36211,888,92618,830,052
Total Liabilities and Net Assets7,896,1598,225,1769,098,0409,732,48111,520,71511,985,29418,937,822
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
200020012002200320042005
Acres Under Protection12,26712,59613,396111
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,2680.00.00.0
Grants and PledgesReceivable54,00061,41150,744493,420538,790624,490
Other Current Assets3,3130.013,776000
Total Current Assets337,326720,681749,7880.00.00.0
Fixed and Other Assets
Investments - General Endowment Fund24,45225,06723,4360.00.00.0
Investments - Stewardship Endowment Fund0.00.0373,174
Total Endowment and Board-Designated Funds24,45225,067396,610000
Lands Held for Protection - Fee1,188,083560,2521,305,1450.00.00.0
Lands Held for Protection - Easement6,118,9356,597,4056,597,40523,14725,18732,891
Total Conservation Land Holdings7,307,0187,157,6577,902,550(0)00
Other Fixed Assets, Net of Depreciation45,87451,24749,0920.00.00.0
Total Fixed/Other Assets7,377,3447,233,9718,348,2520.00.00.0
Total Assets7,714,6707,954,6529,098,0400.00.00.0
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,1680.00.00.0
Current Portion of Notes Payable73,5093,4273,4270.00.00.0
Total Current Liabilities86,03018,53451,5950.00.00.0
Long-Term Liabilities
Notes Payable268,68019,41291,9860.00.00.0
Total Liabilities354,71037,946143,5810.00.00.0
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7940.00.00.0
Temporarily Restricted Net Assets268,661714,618850,8240.00.00.0
Permanently Restricted Net Assets6,143,3866,622,4726,620,8410.00.00.0
Total Net Assets7,541,4498,187,2308,954,4590.00.00.0
Total Liabilities and Net Assets7,896,1598,225,1769,098,0400.00.00.0
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
200020012002200320042005
Acres Under Protection12,26712,59613,3960.00.00.0
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,2680.00.00.0
Grants and PledgesReceivable54,00061,41150,7440.00.00.0
Other Current Assets3,3130.013,7760.00.00.0
Total Current Assets337,326720,681749,7880.00.00.0
Fixed and Other Assets
Investments - General/Operating Endowment Fund24,45225,06723,4360.00.00.0
Investments - Acquisitions Endowment Fund0.00.00.00.0
Investments - Board Designated Stewardship Fund0.00.0373,174
Investments - Stewardship Endowment Fund0.00.00.00.0
Total Endowment and Board-Designated Funds24,45225,067396,6100.00.00.0
Lands Held for Protection - Fee1,188,083560,2521,305,1450.00.00.0
Lands Held for Protection - Easement6,118,9356,597,4056,597,4050.00.00.0
Total Conservation Land Holdings7,307,0187,157,6577,902,5500.00.00.0
Other Fixed Assets, Net of Depreciation45,87451,24749,0920.00.00.0
Total Fixed/Other Assets7,377,3447,233,9718,348,2520.00.00.0
Total Assets7,714,6707,954,6529,098,0400.00.00.0
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,1680.00.00.0
Current Portion of Notes Payable73,5093,4273,4270.00.00.0
Total Current Liabilities86,03018,53451,5950.00.00.0
Long-Term Liabilities
Notes Payable268,68019,41291,9860.00.00.0
Total Liabilities354,71037,946143,5810.00.00.0
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7940.00.00.0
Temporarily Restricted Net Assets268,661714,618850,8240.00.00.0
Permanently Restricted Net Assets6,143,3866,622,4726,620,8410.00.00.0
Total Net Assets7,541,4498,187,2308,954,4590.00.00.0
Total Liabilities and Net Assets7,896,1598,225,1769,098,0400.00.00.0
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
200020012002200320042005
Acres Under Protection12,26712,59613,3960.00.00.0
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,2680.00.00.0
Grants and PledgesReceivable54,00061,41150,7440.00.00.0
Other Current Assets3,3130.013,7760.00.00.0
Total Current Assets337,326720,681749,7880.00.00.0
Fixed and Other Assets
Investments - General/Operating Endowment Fund24,45225,06723,4360.00.00.0
Investments - Acquisitions Endowment Fund0.00.00.00.0
Investments - Board Designated Stewardship Fund0.00.0373,174
Investments - Stewardship Endowment Fund0.00.00.00.0
Total Endowment and Board-Designated Funds24,45225,067396,6100.00.00.0
Lands Held for Protection - Fee1,188,083560,2521,305,1450.00.00.0
Lands Held for Protection - Easement6,118,9356,597,4056,597,4050.00.00.0
Total Conservation Land Holdings7,307,0187,157,6577,902,5500.00.00.0
Other Fixed Assets, Net of Depreciation45,87451,24749,0920.00.00.0
Total Fixed/Other Assets7,377,3447,233,9718,348,2520.00.00.0
Total Assets7,714,6707,954,6529,098,0400.00.00.0
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,1680.00.00.0
Current Portion of Notes Payable73,5093,4273,4270.00.00.0
Total Current Liabilities86,03018,53451,5950.00.00.0
Long-Term Liabilities
Notes Payable268,68019,41291,9860.00.00.0
Total Liabilities354,71037,946143,5810.00.00.0
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7940.00.00.0
Temporarily Restricted Net Assets268,661714,618850,8240.00.00.0
Permanently Restricted Net Assets6,143,3866,622,4726,620,8410.00.00.0
Total Net Assets7,541,4498,187,2308,954,4590.00.00.0
Total Liabilities and Net Assets7,896,1598,225,1769,098,0400.00.00.0
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
200020012002200320042005
Acres Under Protection12,26712,59613,3960.00.00.0
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,2680.00.00.0
Grants and PledgesReceivable54,00061,41150,7440.00.00.0
Other Current Assets3,3130.013,7760.00.00.0
Total Current Assets337,326720,681749,7880.00.00.0
Fixed and Other Assets
Investments - General/Operating Endowment Fund24,45225,06723,4360.00.00.0
Investments - Stewardship Endowment Fund0.00.0Investments - General Endowment Fund
Total Endowment and Board-Designated Funds24,45225,067396,6100.00.00.0
Lands Held for Protection - Fee1,188,083560,2521,305,1450.00.00.0
Lands Held for Protection - Easement6,118,9356,597,4056,597,4050.00.00.0
Total Conservation Land Holdings7,307,0187,157,6577,902,5500.00.00.0
Other Fixed Assets, Net of Depreciation45,87451,24749,0920.00.00.0
Total Fixed/Other Assets7,377,3447,233,9718,348,2520.00.00.0
Total Assets7,714,6707,954,6529,098,0400.00.00.0
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,1680.00.00.0
Current Portion of Notes Payable73,5093,4273,4270.00.00.0
Total Current Liabilities86,03018,53451,5950.00.00.0
Long-Term Liabilities
Notes Payable268,68019,41291,9860.00.00.0
Total Liabilities354,71037,946143,5810.00.00.0
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7940.00.00.0
Temporarily Restricted Net Assets268,661714,618850,8240.00.00.0
Permanently Restricted Net Assets6,143,3866,622,4726,620,8410.00.00.0
Total Net Assets7,541,4498,187,2308,954,4590.00.00.0
Total Liabilities and Net Assets7,896,1598,225,1769,098,0400.00.00.0
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
200020012002200320042005
Acres Under Protection12,26712,59613,3960.00.00.0
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,2680.00.00.0
Grants and PledgesReceivable54,00061,41150,7440.00.00.0
Other Current Assets3,3130.013,7760.00.00.0
Total Current Assets337,326720,681749,7880.00.00.0
Fixed and Other Assets
Investments - General/Operating Endowment Fund24,45225,06723,4360.00.00.0
Investments - Acquisitions Endowment Fund0.00.00.00.0
Investments - Board Designated Stewardship Fund0.00.0373,174
Investments - Stewardship Endowment Fund0.00.00.00.0
Total Endowment and Board-Designated Funds24,45225,067396,6100.00.00.0
Lands Held for Protection - Fee1,188,083560,2521,305,1450.00.00.0
Lands Held for Protection - Easement6,118,9356,597,4056,597,4050.00.00.0
Total Conservation Land Holdings7,307,0187,157,6577,902,5500.00.00.0
Other Fixed Assets, Net of Depreciation45,87451,24749,0920.00.00.0
Total Fixed/Other Assets7,377,3447,233,9718,348,2520.00.00.0
Total Assets7,714,6707,954,6529,098,0400.00.00.0
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,1680.00.00.0
Current Portion of Notes Payable73,5093,4273,4270.00.00.0
Total Current Liabilities86,03018,53451,5950.00.00.0
Long-Term Liabilities
Notes Payable268,68019,41291,9860.00.00.0
Total Liabilities354,71037,946143,5810.00.00.0
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7940.00.00.0
Temporarily Restricted Net Assets268,661714,618850,8240.00.00.0
Permanently Restricted Net Assets6,143,3866,622,4726,620,8410.00.00.0
Total Net Assets7,541,4498,187,2308,954,4590.00.00.0
Total Liabilities and Net Assets7,896,1598,225,1769,098,0400.00.00.0
BS3
Southern Appalachian Highlands Conservancy
Historic Balance Sheets
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30Average Rate
2000200120022003200420052006of Growth
Acres Under Protection12,26712,59613,39615,44218,04519,33619,4399%
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,268619,897753,145839,7721,127,568
Grants and PledgesReceivable54,00061,41150,744119,02138,59038,96357,193
Other Current Assets3,3130.013,7769,0518,9678,9678,967
Total Current Assets337,326720,681749,788747,969800,702887,7021,193,728
Fixed and Other Assets
Investments - General/Operating Endowment Fund24,45225,06723,43623,14725,18732,891107,988
Investments - Stewardship Endowment Fund181,489270,524373,174493,420538,790624,490752,217
Total Endowment and Board-Designated Funds205,941295,591396,610516,567563,977657,381860,205
Lands Held for Protection - Fee1,188,083560,2521,305,1451,352,3401,650,8041,938,9884,932,664
Lands Held for Protection - Easement6,118,9356,597,4056,597,4057,064,4228,459,3008,459,30011,900,521
Total Conservation Land Holdings7,307,0187,157,6577,902,5508,416,76210,110,10410,398,28816,833,18520%
Other Fixed Assets, Net of Depreciation45,87451,24749,09251,18345,92341,92350,704
Total Fixed/Other Assets7,558,8337,504,4958,348,2528,984,51210,720,00411,097,59217,744,094
Total Assets7,896,1598,225,1769,098,0409,732,48111,520,70611,985,29418,937,822
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,16833,58941,7939,71724,121
Current Portion of Notes Payable73,5093,4273,4272,42712,4272,4272,427
Total Current Liabilities86,03018,53451,59536,01654,22012,14426,548
Long-Term Liabilities
Notes Payable268,68019,41291,986134,55987,13384,22481,222
Total Liabilities354,71037,946143,581170,575141,35396,368107,770
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7941,617,797230,345623,141916,2052%
Temporarily Restricted Net Assets268,661714,618850,824856,5401,018,063840,6471,052,812
Permanently Restricted Net Assets6,143,3866,622,4726,620,8417,087,56910,130,95410,425,13816,861,035
Total Net Assets7,541,4498,187,2308,954,4599,561,90611,379,36211,888,92618,830,05220%
Total Liabilities and Fund Balance7,896,1598,225,1769,098,0409,732,48111,520,71511,985,29418,937,822
AnalysisAverage
Rate of Growth - Acres3%6%15%17%7%1%9%
Rate of Growth - Land Under Protection ($$)-2%10%7%20%3%62%20%
Rate of Growth - Net Assets9%9%7%19%4%58%20%
Net Assets per Acre$615 per Acre$650 per Acre$668 per Acre$619 per Acre$631 per Acre$615 per Acre$969 per Acre
Net Assets vs. Lands Under Protection ($$)103%114%113%114%113%114%112%
Liquidity - Current Assets Less Current Liabiltiies251,296702,147698,193711,953746,482875,5581,167,180
Rate of Growth - Liquidity179%-1%2%5%17%33%11%
Stewardship Fund (Board Designated + Endowment)0.00.0373,174493,420538,790624,490752,217
Rate of Growth - Stewardship Fund0%0%32%9%16%20%19%
Ratio - Stewardship Fund Balance : Land Under Protection (Acres)0.00.0$28 per Acre$32 per Acre$30 per Acre$32 per Acre$39 per Acre
Ratio - Stewardship Fund Balance : Land Under Protection ($$)0%0%5%6%5%6%4%
BS 3.5
Southern Appalachian Highlands Conservancy
Historic Balance Sheets
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
2000200120022003200420052006
Acres Under Protection12,26712,59613,39615,44218,04519,33619,439
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,268619,897753,145839,7721,127,568
Grants and PledgesReceivable54,00061,41150,744119,02138,59038,96357,193
Other Current Assets3,3130.013,7769,0518,9678,9678,967
Total Current Assets337,326720,681749,788747,969800,702887,7021,193,728
Fixed and Other Assets
Investments - General/Operating Endowment Fund24,45225,06723,43623,14725,18732,891107,988
Investments - Stewardship Endowment Fund181,489270,524373,174493,420538,790624,490752,217
Total Endowment Funds205,941295,591396,610516,567563,977657,381860,205
Lands Held for Protection - Fee1,188,083560,2521,305,1451,352,3401,650,8041,938,9884,932,664
Lands Held for Protection - Easement6,118,9356,597,4056,597,4057,064,4228,459,3008,459,30011,900,521
Total Conservation Land Holdings7,307,0187,157,6577,902,5508,416,76210,110,10410,398,28816,833,185
Other Fixed Assets, Net of Depreciation45,87451,24749,09251,18345,92341,92350,704
Total Fixed/Other Assets7,558,8337,504,4958,348,2528,984,51210,720,00411,097,59217,744,094
Total Assets7,896,1598,225,1769,098,0409,732,48111,520,70611,985,29418,937,822
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,16833,58941,7939,71724,121
Current Portion of Notes Payable73,5093,4273,4272,42712,4272,4272,427
Total Current Liabilities86,03018,53451,59536,01654,22012,14426,548
Long-Term Liabilities
Notes Payable268,68019,41291,986134,55987,13384,22481,222
Total Liabilities354,71037,946143,581170,575141,35396,368107,770
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7941,617,797230,345623,141916,205
Temporarily Restricted Net Assets268,661714,618850,824856,5401,018,063840,6471,052,812
Permanently Restricted Net Assets6,143,3866,622,4726,620,8417,087,56910,130,95410,425,13816,861,035
Total Net Assets7,541,4498,187,2308,954,4599,561,90611,379,36211,888,92618,830,052
Total Liabilities and Fund Balance7,896,1598,225,1769,098,0409,732,48111,520,71511,985,29418,937,822
AnalysisAverage
Rate of Growth - Acres3%6%15%17%7%1%9%
Rate of Growth - Land ($$)-2%10%7%20%3%62%20%
9%74%9%-86%171%47%2%
$615 per Acre$650 per Acre$111 per Acre$105 per Acre$13 per Acre$32 per Acre$47 per Acre
103%114%19%19%2%6%5%
Liquidity - Current Assets Less Current Liabiltiies251,296702,147698,193711,953746,482875,5581,167,180
Rate of Growth - Liquidity179%-1%2%5%17%33%11%
Stewardship Fund (Board Designated + Endowment)0.00.0373,174493,420538,790624,490752,217
Rate of Growth - Stewardship Fund0%0%32%9%16%20%19%
Ratio - Stewardship Fund Balance : Land Under Protection (Acres)0.00.0$28 per Acre$32 per Acre$30 per Acre$32 per Acre$39 per Acre
Ratio - Stewardship Fund Balance : Land Under Protection ($$)0%0%5%6%5%6%4%
BS4
Southern Appalachian Highlands Conservancy
Historic Balance Sheets
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30Average Rate
2000200120022003200420052006of Growth
Acres Under Protection12,26712,59613,39615,44218,04519,33619,439
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,268619,897753,145839,7721,127,568
Grants and PledgesReceivable54,00061,41150,744119,02138,59038,96357,193
Other Current Assets3,3130.013,7769,0518,9678,9678,967
Total Current Assets337,326720,681749,788747,969800,702887,7021,193,728
Fixed and Other Assets
Investments - General/Operating Endowment Fund24,45225,06723,43623,14725,18732,891107,988
Investments - Stewardship Endowment Fund181,489270,524373,174493,420538,790624,490752,217
Total Endowment Funds205,941295,591396,610516,567563,977657,381860,205
Lands Held for Protection - Fee1,188,083560,2521,305,1451,352,3401,650,8041,938,9884,932,664
Lands Held for Protection - Easement6,118,9356,597,4056,597,4057,064,4228,459,3008,459,30011,900,521
Total Conservation Land Holdings7,307,0187,157,6577,902,5508,416,76210,110,10410,398,28816,833,185
Other Fixed Assets, Net of Depreciation45,87451,24749,09251,18345,92341,92350,704
Total Fixed/Other Assets7,558,8337,504,4958,348,2528,984,51210,720,00411,097,59217,744,094
Total Assets7,896,1598,225,1769,098,0409,732,48111,520,70611,985,29418,937,822
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,16833,58941,7939,71724,121
Current Portion of Notes Payable73,5093,4273,4272,42712,4272,4272,427
Total Current Liabilities86,03018,53451,59536,01654,22012,14426,548
Long-Term Liabilities
Notes Payable268,68019,41291,986134,55987,13384,22481,222
Total Liabilities354,71037,946143,581170,575141,35396,368107,770
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7941,617,797230,345623,141916,205
Temporarily Restricted Net Assets268,661714,618850,824856,5401,018,063840,6471,052,812
Permanently Restricted Net Assets6,143,3866,622,4726,620,8417,087,56910,130,95410,425,13816,861,035
Total Net Assets7,541,4498,187,2308,954,4599,561,90611,379,36211,888,92618,830,052
Total Liabilities and Fund Balance7,896,1598,225,1769,098,0409,732,48111,520,71511,985,29418,937,822
Rate of Growth - Land Under Protection (Acres)3%6%15%17%7%1%9%
Rate of Growth - Land Under Protection ($$)-2%10%7%20%3%62%20%
Rate of Growth - Net Assets9%9%7%19%4%58%20%
Ratio of Net Assets : Lands Under Protection (Acres)$615 per Acre$650 per Acre$668 per Acre$619 per Acre$631 per Acre$615 per Acre$969 per Acre
Ratio of Net Assets : Lands Under Protection ($$)103%114%113%114%113%114%112%
Liquidity (Current Assets less Current Liabilites)251,296702,147698,193711,953746,482875,5581,167,18011%
Stewardship Fund (Board Designated + Endowment)0.00.0373,174493,420538,790624,490752,217
Rate of Growth - Stewardship Fund0%0%32%9%16%20%19%
Ratio - Stewardship Fund Balance : Land Under Protection (Acres)0.00.0$28 per Acre$32 per Acre$30 per Acre$32 per Acre$39 per Acre
Ratio - Stewardship Fund Balance : Land Under Protection ($$)0%0%5%6%5%6%4%
BS5
Southern Appalachian Highlands Conservancy
Historic Balance Sheets
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30Average Rate
2000200120022003200420052006of Growth
Acres Under Protection12,26712,59613,39615,44218,04519,33619,4399%
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,268619,897753,145839,7721,127,568
Grants and PledgesReceivable54,00061,41150,744119,02138,59038,96357,193
Other Current Assets3,3130.013,7769,0518,9678,9678,967
Total Current Assets337,326720,681749,788747,969800,702887,7021,193,728
Fixed and Other Assets
Investments - General Endowment Fund24,45225,06723,43623,14725,18732,891107,988
Investments - Stewardship Endowment Fund181,489270,524373,174493,420538,790624,490752,21719%
Total Endowment Funds205,941295,591396,610516,567563,977657,381860,205
Lands Held for Protection - Fee1,188,083560,2521,305,1451,352,3401,650,8041,938,9884,932,664
Lands Held for Protection - Easement6,118,9356,597,4056,597,4057,064,4228,459,3008,459,30011,900,521
Total Conservation Land Holdings7,307,0187,157,6577,902,5508,416,76210,110,10410,398,28816,833,18520%
Other Fixed Assets, Net of Depreciation45,87451,24749,09251,18345,92341,92350,704
Total Fixed/Other Assets7,558,8337,504,4958,348,2528,984,51210,720,00411,097,59217,744,094
Total Assets7,896,1598,225,1769,098,0409,732,48111,520,70611,985,29418,937,822
LIABILITIES
Current Liabilitiesaa
Accounts Payable and Other Current Liabilities12,52115,10748,16833,58941,7939,71724,121
Current Portion of Notes Payable73,5093,4273,4272,42712,4272,4272,427
Total Current Liabilities86,03018,53451,59536,01654,22012,14426,548
Long-Term Liabilities
Notes Payable268,68019,41291,986134,55987,13384,22481,222
Total Liabilities354,71037,946143,581170,575141,35396,368107,770
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7941,617,797230,345623,141916,205
Temporarily Restricted Net Assets268,661714,618850,824856,5401,018,063840,6471,052,812
Permanently Restricted Net Assets6,143,3866,622,4726,620,8417,087,56910,130,95410,425,13816,861,035
Total Net Assets7,541,4498,187,2308,954,4599,561,90611,379,36211,888,92618,830,052
Total Liabilities and Fund Balance7,896,1598,225,1769,098,0409,732,48111,520,71511,985,29418,937,822
Stewardship Fund Balance per Acre0.00.0$28 per Acre$32 per Acre$30 per Acre$32 per Acre$39 per Acre
BS6
Southern Appalachian Highlands Conservancy
Historic Balance Sheets
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30Average Rate
2000200120022003200420052006of Growth
Acres Under Protection12,26712,59613,39615,44218,04519,33619,4399%
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,268619,897753,145839,7721,127,568
Grants and PledgesReceivable54,00061,41150,744119,02138,59038,96357,193
Other Current Assets3,3130.013,7769,0518,9678,9678,967
Total Current Assets337,326720,681749,788747,969800,702887,7021,193,728
Fixed and Other Assets
Investments - General Endowment24,45225,06723,43623,14725,18732,891107,98867%
Investments - Stewardship Endowment Fund181,489270,524373,174493,420538,790624,490752,217
Total Endowment Funds205,941295,591396,610516,567563,977657,381860,205
Lands Held for Protection - Fee1,188,083560,2521,305,1451,352,3401,650,8041,938,9884,932,664
Lands Held for Protection - Easement6,118,9356,597,4056,597,4057,064,4228,459,3008,459,30011,900,521
Total Conservation Land Holdings7,307,0187,157,6577,902,5508,416,76210,110,10410,398,28816,833,18520%
Other Fixed Assets, Net of Depreciation45,87451,24749,09251,18345,92341,92350,704
Total Fixed/Other Assets7,558,8337,504,4958,348,2528,984,51210,720,00411,097,59217,744,094
Total Assets7,896,1598,225,1769,098,0409,732,48111,520,70611,985,29418,937,822
LIABILITIES
Current Liabilitiesaa
Accounts Payable and Other Current Liabilities12,52115,10748,16833,58941,7939,71724,121
Current Portion of Notes Payable73,5093,4273,4272,42712,4272,4272,427
Total Current Liabilities86,03018,53451,59536,01654,22012,14426,548
Long-Term Liabilities
Notes Payable268,68019,41291,986134,55987,13384,22481,222
Total Liabilities354,71037,946143,581170,575141,35396,368107,770
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7941,617,797230,345623,141916,205
Temporarily Restricted Net Assets268,661714,618850,824856,5401,018,063840,6471,052,812
Permanently Restricted Net Assets6,143,3866,622,4726,620,8417,087,56910,130,95410,425,13816,861,035
Total Net Assets7,541,4498,187,2308,954,4599,561,90611,379,36211,888,92618,830,052
Total Liabilities and Fund Balance7,896,1598,225,1769,098,0409,732,48111,520,71511,985,29418,937,822
BS & IS
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30As Of June 30
2000200120022003200420052006
Acres Under Protection12,26712,59613,39615,44218,04519,33619,439
ASSETS
Current Assets
Cash and Temporary Investments280,013659,270685,268619,897753,145839,7721,127,568
Grants and PledgesReceivable54,00061,41150,744119,02138,59038,96357,193
Other Current Assets3,3130.013,7769,0518,9678,9678,967
Total Current Assets337,326720,681749,788747,969800,702887,702306,0261,193,728
Fixed and Other Assets
Investments - General/Operating Endowment Fund24,45225,06723,43623,14725,18732,891107,988
Investments - Stewardship Endowment Fund181,489270,524373,174493,420538,790624,490752,217
Total Endowment Funds205,941295,591396,610516,567563,977657,381202,824860,205
Lands Held for Protection - Fee1,188,083560,2521,305,1451,352,3401,650,8041,938,9884,932,664
Lands Held for Protection - Easement6,118,9356,597,4056,597,4057,064,4228,459,3008,459,30011,900,521
Total Conservation Land Holdings7,307,0187,157,6577,902,5508,416,76210,110,10410,398,2886,434,89716,833,185
Other Fixed Assets, Net of Depreciation45,87451,24749,09251,18345,92341,92350,704
Total Fixed/Other Assets7,558,8337,504,4958,348,2528,984,51210,720,00411,097,59217,744,094
Total Assets7,896,1598,225,1769,098,0409,732,48111,520,70611,985,2946,952,52818,937,822
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10748,16833,58941,7939,71724,121
Current Portion of Notes Payable73,5093,4273,4272,42712,4272,4272,427
Total Current Liabilities86,03018,53451,59536,01654,22012,14426,548
Long-Term Liabilities
Notes Payable268,68019,41291,986134,55987,13384,22481,222
Total Liabilities354,71037,946143,581170,575141,35396,36811,402107,770
Net Assets
Unrestricted Net Assets1,129,402850,1401,482,7941,617,797230,345623,141916,205
Temporarily Restricted Net Assets268,661714,618850,824856,5401,018,063840,6471,052,812
Permanently Restricted Net Assets6,143,3866,622,4726,620,8417,087,56910,130,95410,425,13816,861,035
Total Net Assets7,541,4498,187,2308,954,4599,561,90611,379,36211,888,9266,941,12618,830,052
Total Liabilities and Net Assets7,896,1598,225,1769,098,0409,732,48111,520,71511,985,2946,952,52818,937,822
Net Income from Income Statement1,966,645
BS Targeted
Southern Appalachian Highlands Conservancy
Targeted Balance Sheets
As Of June 30As Of June 30ActualTargetedTargetedTargetedTargetedTargetedAverage
20002001200620072008200920102011Growth
Acres Under Protection12,26712,59619,43921,40023,40025,40027,40029,20050%8%
ASSETS
Current Assets
Cash and Temporary Investments280,013659,2701,302,9351,459,0001,634,0001,830,0002,050,0002,296,000
Grants and PledgesReceivable54,00061,41138,96340,00040,00045,00045,00050,000
Other Current Assets3,3130.08,9679,0009,00010,00010,00011,000
Total Current Assets337,326720,6811,350,8651,508,0001,683,0001,885,0002,105,0002,357,000
Fixed and Other Assets
Investments - General Endowment Fund181,489270,524192,904201,096394,000595,000796,000997,0001,200,00047%
Investments - Stewardship Endowment Fund752,217144,710901,0001,050,0001,199,0001,348,0001,500,00012%
Total Endowment and Board-Designated Funds181,489270,524945,1211,295,0001,645,0001,995,0002,345,0002,700,000
Lands Held for Protection - Fee1,188,083560,2523,201,988192,0123,394,0003,586,0003,778,0003,970,0004,163,00030%
Lands Held for Protection - Easement6,118,9356,597,4058,697,274521,7269,219,0009,741,00010,263,00010,785,00011,306,00030%
Total Conservation Land Holdings7,307,0187,157,65711,899,262713,73812,613,00013,327,00014,041,00014,755,00015,469,00030%5%
Other Fixed Assets, Net of Depreciation45,87451,24742,80045,000295,000300,000305,000310,000
Total Fixed/Other Assets7,534,3817,479,42812,887,18313,953,00015,267,00016,336,00017,405,00018,479,000
Total Assets7,871,7078,200,10914,238,04815,461,00016,950,00018,221,00019,510,00020,836,000
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10713,80515,00016,00017,00018,00019,000
Current Portion of Notes Payable73,5093,4272,4275,0005,0006,0006,0007,000
Total Current Liabilities86,03018,53416,23220,00021,00023,00024,00026,000
Long-Term Liabilities
Notes Payable268,68019,41281,222190,000188,000185,000182,000179,000
Total Liabilities354,71037,94697,454210,000209,000208,000206,000205,000
Net Assets
Unrestricted Net Assets1,129,402850,1401,082,049264,1271,346,1761,433,0881,520,0001,702,0001,906,00012%
Temporarily Restricted Net Assets268,661714,618850,824(50,000)800,824949,9121,099,0001,172,0001,247,0007%
Permanently Restricted Net Assets6,143,3866,622,47211,922,6981,181,30213,104,00014,359,00015,394,00016,430,00017,478,00093%
Total Net Assets7,541,4498,187,23013,855,5711,395,42915,251,00016,741,00018,013,00019,304,00020,631,0008%
Total Liabilities and Net Assets7,896,1598,225,17613,953,02515,461,00016,950,00018,221,00019,510,00020,836,000
Liquidity1,334,6330.01,488,0001,662,0001,862,0002,081,0002,331,00012%
Southern Appalachian Highlands Conservancy
Targeted Balance Sheets
AnalysisActualTargetedTargetedTargetedTargetedTargeted
200620072008200920102011Average
Rate of Growth - Acres3%10%9%9%8%7%8%
Rate of Growth - Land ($$)-2%6%6%5%5%5%5%
Rate of Growth - Net Assets9%10%10%8%7%7%8%
Net Assets per Acre$615 per Acre$650 per Acre$713 per Acre$713 per Acre$715 per Acre$709 per Acre$705 per Acre$707 per Acre
Net Assets vs. Land ($$)103%114%116%121%126%128%131%133%
Liquidity251,296702,1471,334,6331,488,0001,662,0001,862,0002,081,0002,331,000
Rate of Growth - Liquidity179%11%12%12%12%12%12%
Stewardship Endowment Fund181,489270,524752,217144,710901,0001,050,0001,199,0001,348,0001,500,000
Rate of Growth - Stewardship Fund49%20%17%14%12%11%15%
Stewardship Fund per Acre$15 per Acre$21 per Acre$39 per Acre$42 per Acre$45 per Acre$47 per Acre$49 per Acre$51 per Acre
Stewardship Fund vs. Land ($$)2%4%6%7%8%9%9%10%
Gernal Endowment192,904201,096394,000595,000796,000997,0001,200,000
General Endowment Rate of Growth104%51%34%25%20%47%
0%24%6%6%12%12%12%
$0 per Acre$0 per Acre$56 per Acre$63 per Acre$61 per Acre$60 per Acre$62 per Acre$65 per Acre
0%0%9%11%11%11%12%12%
BS Targeted2
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30ActualKeyTargeted
200020012006Changes2007
Acres Under Protection12,26712,59619,43915,600
ASSETS
Current Assets
Cash and Temporary Investments280,013659,2701,302,935156,0651,459,000
Grants and PledgesReceivable54,00061,41138,9631,03740,000
Other Current Assets3,3130.08,967339,000
Total Current Assets337,326720,6811,350,865157,1351,508,000
Fixed and Other Assets
Investments - General Endowment Fund181,489270,524192,904201,096394,000
Investments - Stewardship Endowment Fund752,217148,783901,000
Total Endowment and Board-Designated Funds181,489270,524945,121349,8791,295,000
Lands Held for Protection - Fee1,188,083560,2523,201,988192,0123,394,000
Lands Held for Protection - Easement6,118,9356,597,4058,697,274521,7269,219,000
Total Conservation Land Holdings7,307,0187,157,65711,899,262713,73812,613,000
Other Fixed Assets, Net of Depreciation45,87451,24742,8002,20045,000
Total Fixed/Other Assets7,534,3817,479,42812,887,1831,065,81713,953,000
Total Assets7,871,7078,200,10914,238,0481,222,95215,461,000
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10713,8051,19515,000
Current Portion of Notes Payable73,5093,4272,4272,5735,000
Total Current Liabilities86,03018,53416,2323,76820,000
Long-Term Liabilities
Notes Payable268,68019,41281,222108,778190,000
0.00.00.0
Total Liabilities354,71037,94697,454112,546210,000
Net Assets
Unrestricted Net Assets1,129,402850,1401,082,049264,1271,346,176
Temporarily Restricted Net Assets268,661714,618850,824(50,000)800,824
Permanently Restricted Net Assets6,143,3866,622,47211,922,6981,181,30213,104,000
Total Net Assets7,541,4498,187,23013,855,5711,395,42915,251,000
Total Liabilities and Net Assets7,896,1598,225,17613,953,0251,507,97515,461,000
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30ActualKeyTargeted
200020012006Changes2007
Acres Under Protection12,26712,59619,43915,600
ASSETS
Current Assets
Cash and Temporary Investments280,013659,2701,302,935156,0651,459,000
Grants and PledgesReceivable54,00061,41138,9631,03740,000
Other Current Assets3,3130.08,967339,000
Total Current Assets337,326720,6811,350,865157,1351,508,000
Fixed and Other Assets
Investments - General Endowment Fund181,489270,524192,904201,096394,000
Investments - Stewardship Endowment Fund752,217148,783901,000
Total Endowment and Board-Designated Funds181,489270,524945,121349,8791,295,000
Lands Held for Protection - Fee1,188,083560,2523,201,988192,0123,394,000
Lands Held for Protection - Easement6,118,9356,597,4058,697,274521,7269,219,000
Total Conservation Land Holdings7,307,0187,157,65711,899,262713,73812,613,000
Other Fixed Assets, Net of Depreciation45,87451,24742,8002,20045,000
Total Fixed/Other Assets7,534,3817,479,42812,887,1831,065,81713,953,000
Total Assets7,871,7078,200,10914,238,0481,222,95215,461,000
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10713,8051,19515,000
Current Portion of Notes Payable73,5093,4272,4272,5735,000
Total Current Liabilities86,03018,53416,2323,76820,000
Long-Term Liabilities
Notes Payable268,68019,41281,222108,778190,000
0.00.00.0
Total Liabilities354,71037,94697,454112,546210,000
Net Assets
Unrestricted Net Assets1,129,402850,1401,082,049264,1271,346,176
Temporarily Restricted Net Assets268,661714,618850,824(50,000)800,824
Permanently Restricted Net Assets6,143,3866,622,47211,922,6981,181,30213,104,000
Total Net Assets7,541,4498,187,23013,855,5711,395,42915,251,000
Total Liabilities and Net Assets7,896,1598,225,17613,953,0251,507,97515,461,000
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30ActualKeyTargeted
200020012006Changes2007
Acres Under Protection12,26712,59619,43915,600
ASSETS
Current Assets
Cash and Temporary Investments280,013659,2701,302,935156,0651,459,000
Grants and PledgesReceivable54,00061,41138,9631,03740,000
Other Current Assets3,3130.08,967339,000
Total Current Assets337,326720,6811,350,865157,1351,508,000
Fixed and Other Assets
Investments - General Endowment Fund181,489270,524192,904201,096394,000
Investments - Stewardship Endowment Fund752,217148,783901,000
Total Endowment and Board-Designated Funds181,489270,524945,121349,8791,295,000
Lands Held for Protection - Fee1,188,083560,2523,201,988192,0123,394,000
Lands Held for Protection - Easement6,118,9356,597,4058,697,274521,7269,219,000
Total Conservation Land Holdings7,307,0187,157,65711,899,262713,73812,613,000
Other Fixed Assets, Net of Depreciation45,87451,24742,8002,20045,000
Total Fixed/Other Assets7,534,3817,479,42812,887,1831,065,81713,953,000
Total Assets7,871,7078,200,10914,238,0481,222,95215,461,000
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10713,8051,19515,000
Current Portion of Notes Payable73,5093,4272,4272,5735,000
Total Current Liabilities86,03018,53416,2323,76820,000
Long-Term Liabilities
Notes Payable268,68019,41281,222108,778190,000
0.00.00.0
Total Liabilities354,71037,94697,454112,546210,000
Net Assets
Unrestricted Net Assets1,129,402850,1401,082,049264,1271,346,176
Temporarily Restricted Net Assets268,661714,618850,824(50,000)800,824
Permanently Restricted Net Assets6,143,3866,622,47211,922,6981,181,30213,104,000
Total Net Assets7,541,4498,187,23013,855,5711,395,42915,251,000
Total Liabilities and Net Assets7,896,1598,225,17613,953,0251,507,97515,461,000
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30ActualKeyTargeted
200020012006Changes2007
Acres Under Protection12,26712,59619,43915,600
ASSETS
Current Assets
Cash and Temporary Investments280,013659,2701,302,935156,0651,459,000
Grants and PledgesReceivable54,00061,41138,9631,03740,000
Other Current Assets3,3130.08,967339,000
Total Current Assets337,326720,6811,350,865157,1351,508,000
Fixed and Other Assets
Investments - General Endowment Fund181,489270,524192,904201,096394,000
Investments - Stewardship Endowment Fund752,217148,783901,000
Total Endowment and Board-Designated Funds181,489270,524945,121349,8791,295,000
Lands Held for Protection - Fee1,188,083560,2523,201,988192,0123,394,000
Lands Held for Protection - Easement6,118,9356,597,4058,697,274521,7269,219,000
Total Conservation Land Holdings7,307,0187,157,65711,899,262713,73812,613,000
Other Fixed Assets, Net of Depreciation45,87451,24742,8002,20045,000
Total Fixed/Other Assets7,534,3817,479,42812,887,1831,065,81713,953,000
Total Assets7,871,7078,200,10914,238,0481,222,95215,461,000
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10713,8051,19515,000
Current Portion of Notes Payable73,5093,4272,4272,5735,000
Total Current Liabilities86,03018,53416,2323,76820,000
Long-Term Liabilities
Notes Payable268,68019,41281,222108,778190,000
0.00.00.0
Total Liabilities354,71037,94697,454112,546210,000
Net Assets
Unrestricted Net Assets1,129,402850,1401,082,049264,1271,346,176
Temporarily Restricted Net Assets268,661714,618850,824(50,000)800,824
Permanently Restricted Net Assets6,143,3866,622,47211,922,6981,181,30213,104,000
Total Net Assets7,541,4498,187,23013,855,5711,395,42915,251,000
Total Liabilities and Net Assets7,896,1598,225,17613,953,0251,507,97515,461,000
Southern Appalachian Highlands Conservancy
Balance Sheet
As Of June 30As Of June 30ActualTargeted
2000200120062011
Acres Under Protection12,26712,59619,43929,200
ASSETS
Current Assets
Cash and Temporary Investments280,013659,2701,302,9352,296,000
Grants and PledgesReceivable54,00061,41138,96350,000
Other Current Assets3,3130.08,96711,000
Total Current Assets337,326720,6811,350,8652,357,000
Fixed and Other Assets
Investments - General Endowment Fund181,489270,524192,9041,200,000
Investments - Stewardship Endowment Fund752,2171,500,000
Total Endowment and Board-Designated Funds181,489270,524945,1212,700,000
Lands Held for Protection - Fee1,188,083560,2523,201,9884,163,000
Lands Held for Protection - Easement6,118,9356,597,4058,697,27411,306,000
Total Conservation Land Holdings7,307,0187,157,65711,899,26215,469,000
Other Fixed Assets, Net of Depreciation45,87451,24742,800310,000
Total Fixed/Other Assets7,534,3817,479,42812,887,18318,479,000
Total Assets7,871,7078,200,10914,238,04820,836,000
LIABILITIES
Current Liabilities
Accounts Payable and Other Current Liabilities12,52115,10713,80519,000
Current Portion of Notes Payable73,5093,4272,4277,000
Total Current Liabilities86,03018,53416,23226,000
Long-Term Liabilities
Notes Payable268,68019,41281,222179,000
0.00.0
Total Liabilities354,71037,94697,454205,000
Net Assets
Unrestricted Net Assets1,129,402850,1401,082,0491,906,000
Temporarily Restricted Net Assets268,661714,618850,8241,247,000
Permanently Restricted Net Assets6,143,3866,622,47211,922,69817,478,000
Total Net Assets7,541,4498,187,23013,855,57120,631,000
Total Liabilities and Net Assets7,896,1598,225,17613,953,02520,836,000
Net Worth Model
Net Assets (a.k.a., "Fund Balance" or "Net Worth")
Assets:
Home155,000
Total Assets155,000
Liabilities:
Home Mortgage Debt140,000
Total Liabilities140,000
Net Assets15,000
Net Assets (a.k.a., "Fund Balance" or "Net Worth")
Assets:
Home155,000
Auto10,000
Home remodel10,000
Total Assets175,000
Liabilities:
Home Mortgage Debt140,000
Home Equity Line of Credit7,000
Credit Card Debt5,000
Total Liabilities152,000
Net Assets23,000
SAHC Income Statement
Southern Appalachian Highlands Conservancy
Income Statement
Income
Contributions - Unrestricted134,353
Grants - Unrestricted80,000
Contributions - Restricted2,062,127
Grants - Restricted2,026,113
Meeting/Retreat2,485
Annual Meeting7,705
Other Income105,627
Total Income4,418,409
Expense
Project Related:
Americorps11,942
Items for Sale/Distribution7,754
Outreach Grants140,000
Property Taxes12,916
Land Transaction Fees82,055
Easement Purchased for Transfer to State of NC1,645,000
Special Event3,425
Utilities-Cabin297
Total Project Related Expense1,903,389
General And Administrative
Equipment Expense21,594
Insurance5,033
Sales Tax Expense260
Legal Fees1,221
Dues & Subscriptions4,782
Conferences (fees & travel)8,285
Licenses & Fees1,337
Meetings6,828
Miscellaneous500
Bank Charges3,286
Personnel371,939
Postage4,829
Printing/Copies18,417
Professional Services38,207
Reference Materials/Maps302
Rent-Office28,275
Supplies9,326
Telephone8,067
Travel15,888
Total General and Administrative Expense548,376
Total Expense2,451,764
Net Income1,966,645
Income Statement Model
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
General and Admin. ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther ProgramsXYZ Bald Expansion ProjectXYZ Bald Expansion ProjectABC Creek Acqusisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/UseTotal
Revenues
Program Service / Public Revenues65,37617,30082,676
Membership Dues53,95153,951
Individual and Business Contributions178,00096,80017,40017,400105,384168,096583,080
Fundraising Event Revenues18,50018,500
Foundation Grants15,00022,50020,00010,000715,77630,00034,00026,000873,276
Government Grants15,0002,921,796788,0963,724,892
Interest and Dividend Income5,6005,0104,02714,637
Realized Gain/(Loss) on Sale of Assets2,1005,4861,9009,486
Unrealized Gain/(Loss) on Sale of Assets6,0008,7773,80018,577
Adjustments from Restriction9,8746,8003,687,572(3,687,572)(9,874)(6,800)0.0
Other Income14,20014,200
Total Revenues0.024,874102,876277,251152,0003,704,972(50,000)835,496148,783197,0235,393,275
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,000233,000
Fundraising Expenses18,35018,350
Travel and Meetings29,30029,300
Professional Fees15,2006,5005,5009,60014,30051,100
Office Rent and Expense23,50023,500
Office Supplies9,4009,400
Telephone and Utilities8,8008,800
Property and Casualty Insurance1,2002,6003,800
Printing and Marketing Expenses13,2005,30018,500
Special Event Expenses3,1002,3005,400
Transaction Fees and Expenses1,80012,10018,30032,200
Acquis. of Property to be Sold to State3,516,4963,516,496
Grants Made48,00048,000
Other Expense0.0
Total Expense238,70041,40088,80044,15035,7003,549,0960.00.00.00.03,997,846
Net Income(238,700)(16,526)14,076233,101116,300155,876(50,000)835,496148,783197,0231,395,429
Analytical Adjustments
Allocation of G&A Expense238,700(39,100)(47,200)(30,200)(44,400)(31,900)(45,900)0.00.00.0
Total Adjustments238,700(39,100)(47,200)(30,200)(44,400)(31,900)0.0(45,900)0.00.00.0
Adjusted Net Income0.0(55,626)(33,124)202,90171,900123,976(50,000)789,596148,783197,0231,395,429
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
General and Administrative ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther ProgramsXYZ Bald Expansion ProjectXYZ Bald Expansion ProjectABC Creek Acqusisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/UseTotal
Revenues
Program Service / Public Revenues0.00.065,3760.017,3000.00.00.00.00.082,676
Membership Dues0.00.00.053,9510.00.00.00.00.00.053,951
Individual and Business Contributions0.00.00.0178,00096,80017,4000.017,400105,384168,096583,080
Fundraising Event Revenues0.00.00.018,5000.00.00.00.00.00.018,500
Foundation Grants0.015,00022,50020,00010,0000.0715,77630,00034,00026,000873,276
Government Grants0.00.015,0000.00.00.02,921,796788,0960.00.03,724,892
Interest and Dividend Income0.00.00.00.05,6000.00.00.05,0104,02714,637
Realized Gain/(Loss) on Sale of Assets0.00.00.00.02,1000.00.00.05,4861,9009,486
Unrealized Gain/(Loss) on Sale of Assets0.00.00.00.06,0000.00.00.08,7773,80018,577
Adjustment of Earnings from Endowments0.09,8740.06,8000.03,687,572(3,687,572)0.0(9,874)(6,800)0.0
Other Income0.00.00.00.014,2000.00.00.00.00.014,200
Total Revenues0.024,874102,876277,251152,0003,704,972(50,000)835,496148,783197,0235,393,275
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,0000.00.00.00.00.0233,000
Fundraising Expenses0.00.00.018,3500.00.00.00.00.00.018,350
Travel and Meetings29,3000.00.00.00.00.00.00.00.00.029,300
Professional Fees15,2006,5000.05,5009,60014,3000.00.00.00.051,100
Office Rent and Expense23,5000.00.00.00.00.00.00.00.00.023,500
Office Supplies9,4000.00.00.00.00.00.00.00.00.09,400
Telephone and Utilities8,8000.00.00.00.00.00.00.00.00.08,800
Property and Casualty Insurance1,2002,6000.00.00.00.00.00.00.00.03,800
Printing and Marketing Expenses13,2000.05,3000.00.00.00.00.00.00.018,500
Special Event Expenses3,1000.00.02,3000.00.00.00.00.00.05,400
Transaction Fees and Expenses0.01,8000.00.012,10018,3000.00.00.00.032,200
Acquis. of Property to be Sold to State0.00.00.00.00.03,516,4960.00.00.00.03,516,496
Grants Made0.00.048,0000.00.00.00.00.00.00.048,000
Other Expense0.00.00.00.00.00.00.00.00.00.00.0
Total Expense238,70041,40088,80044,15035,7003,549,0960.00.00.00.03,997,846
Net Income(238,700)(16,526)14,076233,101116,300155,876(50,000)835,496148,783197,0231,395,429
Analytical Adjustments
Allocation of G&A Expense238,700(39,100)(47,200)(30,200)(44,400)(31,900)0.0(45,900)0.00.00.0
Total Adjustments238,700(39,100)(47,200)(30,200)(44,400)(31,900)0.0(45,900)0.00.00.0
Adjusted Net Income0.0(55,626)(33,124)202,90171,900123,976(50,000)789,596148,783197,0231,395,429
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
General and Administrative ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther ProgramsXYZ Bald Expansion ProjectXYZ Bald Expansion ProjectABC Creek Acqusisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/UseTotal
Revenues
Program Service / Public Revenues0.00.065,3760.017,3000.00.00.00.00.082,676
Membership Dues0.00.00.053,9510.00.00.00.00.00.053,951
Individual and Business Contributions0.00.00.0178,00096,80017,4000.017,400105,384168,096583,080
Fundraising Event Revenues0.00.00.018,5000.00.00.00.00.00.018,500
Foundation Grants0.015,00022,50020,00010,0000.0715,77630,00034,00026,000873,276
Government Grants0.00.015,0000.00.00.02,921,796788,0960.00.03,724,892
Interest and Dividend Income0.00.00.00.05,6000.00.00.05,0104,02714,637
Realized Gain/(Loss) on Sale of Assets0.00.00.00.02,1000.00.00.05,4861,9009,486
Unrealized Gain/(Loss) on Sale of Assets0.00.00.00.06,0000.00.00.08,7773,80018,577
Adjustment of Earnings from Endowments0.09,8740.06,8000.03,687,572(3,687,572)0.0(9,874)(6,800)0.0
Other Income0.00.00.00.014,2000.00.00.00.00.014,200
Total Revenues0.024,874102,876277,251152,0003,704,972(50,000)835,496148,783197,0235,393,275
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,0000.00.00.00.00.0233,000
Fundraising Expenses0.00.00.018,3500.00.00.00.00.00.018,350
Travel and Meetings29,3000.00.00.00.00.00.00.00.00.029,300
Professional Fees15,2006,5000.05,5009,60014,3000.00.00.00.051,100
Office Rent and Expense23,5000.00.00.00.00.00.00.00.00.023,500
Office Supplies9,4000.00.00.00.00.00.00.00.00.09,400
Telephone and Utilities8,8000.00.00.00.00.00.00.00.00.08,800
Property and Casualty Insurance1,2002,6000.00.00.00.00.00.00.00.03,800
Printing and Marketing Expenses13,2000.05,3000.00.00.00.00.00.00.018,500
Special Event Expenses3,1000.00.02,3000.00.00.00.00.00.05,400
Transaction Fees and Expenses0.01,8000.00.012,10018,3000.00.00.00.032,200
Acquis. of Property to be Sold to State0.00.00.00.00.03,516,4960.00.00.00.03,516,496
Grants Made0.00.048,0000.00.00.00.00.00.00.048,000
Other Expense0.00.00.00.00.00.00.00.00.00.00.0
Total Expense238,70041,40088,80044,15035,7003,549,0960.00.00.00.03,997,846
Net Income(238,700)(16,526)14,076233,101116,300155,876(50,000)835,496148,783197,0231,395,429
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
General and Administrative ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther ProgramsXYZ Bald Expansion ProjectXYZ Bald Expansion ProjectABC Creek Acqusisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/UseTotal
Revenues
Program Service / Public Revenues0.00.065,3760.017,3000.00.00.00.00.082,676
Membership Dues0.00.00.053,9510.00.00.00.00.00.053,951
Individual and Business Contributions0.00.00.0178,00096,80017,4000.017,400105,384168,096583,080
Fundraising Event Revenues0.00.00.018,5000.00.00.00.00.00.018,500
Foundation Grants0.015,00022,50020,00010,0000.0715,77630,00034,00026,000873,276
Government Grants0.00.015,0000.00.00.02,921,796788,0960.00.03,724,892
Interest and Dividend Income0.00.00.00.05,6000.00.00.05,0104,02714,637
Realized Gain/(Loss) on Sale of Assets0.00.00.00.02,1000.00.00.05,4861,9009,486
Unrealized Gain/(Loss) on Sale of Assets0.00.00.00.06,0000.00.00.08,7773,80018,577
Adjustment of Earnings from Endowments0.09,8740.06,8000.03,687,572(3,687,572)0.0(9,874)(6,800)0.0
Other Income0.00.00.00.014,2000.00.00.00.00.014,200
Total Revenues0.024,874102,876277,251152,0003,704,972(50,000)835,496148,783197,0235,393,275
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,0000.00.00.00.00.0233,000
Fundraising Expenses0.00.00.018,3500.00.00.00.00.00.018,350
Travel and Meetings29,3000.00.00.00.00.00.00.00.00.029,300
Professional Fees15,2006,5000.05,5009,60014,3000.00.00.00.051,100
Office Rent and Expense23,5000.00.00.00.00.00.00.00.00.023,500
Office Supplies9,4000.00.00.00.00.00.00.00.00.09,400
Telephone and Utilities8,8000.00.00.00.00.00.00.00.00.08,800
Property and Casualty Insurance1,2002,6000.00.00.00.00.00.00.00.03,800
Printing and Marketing Expenses13,2000.05,3000.00.00.00.00.00.00.018,500
Special Event Expenses3,1000.00.02,3000.00.00.00.00.00.05,400
Transaction Fees and Expenses0.01,8000.00.012,10018,3000.00.00.00.032,200
Acquis. of Property to be Sold to State0.00.00.00.00.03,516,4960.00.00.00.03,516,496
Grants Made0.00.048,0000.00.00.00.00.00.00.048,000
Other Expense0.00.00.00.00.00.00.00.00.00.00.0
Total Expense238,70041,40088,80044,15035,7003,549,0960.00.00.00.03,997,846
Net Income(238,700)(16,526)14,076233,101116,300155,876(50,000)835,496148,783197,0231,395,429
Net Income Unrestricted ->264,127
Net Income Temp. Restricted ->(50,000)
Net Income Perm. Restricted ->1,181,302
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
General and Administrative ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther ProgramsXYZ Bald Expansion ProjectXYZ Bald Expansion ProjectABC Creek Acqusisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/UseTotal
Revenues
Program Service / Public Revenues0.00.065,3760.017,3000.00.00.00.00.082,676
Membership Dues0.00.00.053,9510.00.00.00.00.00.053,951
Individual and Business Contributions0.00.00.0178,00096,80017,4000.017,400105,384168,096583,080
Fundraising Event Revenues0.00.00.018,5000.00.00.00.00.00.018,500
Foundation Grants0.015,00022,50020,00010,0000.0715,77630,00034,00026,000873,276
Government Grants0.00.015,0000.00.00.02,921,796788,0960.00.03,724,892
Interest and Dividend Income0.00.00.00.05,6000.00.00.05,0104,02714,637
Realized Gain/(Loss) on Sale of Assets0.00.00.00.02,1000.00.00.05,4861,9009,486
Unrealized Gain/(Loss) on Sale of Assets0.00.00.00.06,0000.00.00.08,7773,80018,577
Adjustment of Earnings from Endowments0.09,8740.06,8000.03,687,572(3,687,572)0.0(9,874)(6,800)0.0
Other Income0.00.00.00.014,2000.00.00.00.00.014,200
Total Revenues0.024,874102,876277,251152,0003,704,972(50,000)835,496148,783197,0235,393,275
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,0000.00.00.00.00.0233,000
Fundraising Expenses0.00.00.018,3500.00.00.00.00.00.018,350
Travel and Meetings29,3000.00.00.00.00.00.00.00.00.029,300
Professional Fees15,2006,5000.05,5009,60014,3000.00.00.00.051,100
Office Rent and Expense23,5000.00.00.00.00.00.00.00.00.023,500
Office Supplies9,4000.00.00.00.00.00.00.00.00.09,400
Telephone and Utilities8,8000.00.00.00.00.00.00.00.00.08,800
Property and Casualty Insurance1,2002,6000.00.00.00.00.00.00.00.03,800
Printing and Marketing Expenses13,2000.05,3000.00.00.00.00.00.00.018,500
Special Event Expenses3,1000.00.02,3000.00.00.00.00.00.05,400
Transaction Fees and Expenses0.01,8000.00.012,10018,3000.00.00.00.032,200
Acquis. of Property to be Sold to State0.00.00.00.00.03,516,4960.00.00.00.03,516,496
Grants Made0.00.048,0000.00.00.00.00.00.00.048,000
Other Expense0.00.00.00.00.00.00.00.00.00.00.0
Total Expense238,70041,40088,80044,15035,7003,549,0960.00.00.00.03,997,846
Net Income(238,700)(16,526)14,076233,101116,300155,876(50,000)835,496148,783197,0231,395,429
Allocation of G&A Expense
Total Adjustments238,700(39,100)(47,200)(30,200)(44,400)(44,400)(39,500)(39,500)0.00.00.0
Adjusted Net Income0.0(55,626)(33,124)202,90171,900111,476(89,500)795,996148,783197,0231,395,429
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
General and Administrative ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther ProgramsXYZ Bald Expansion ProjectXYZ Bald Expansion ProjectABC Creek Acqusisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/UseTotal
Revenues
Program Service / Public Revenues0.00.065,3760.017,3000.00.00.00.00.082,676
Membership Dues0.00.00.053,9510.00.00.00.00.00.053,951
Individual and Business Contributions0.00.00.0178,00096,80017,4000.017,400105,384168,096583,080
Fundraising Event Revenues0.00.00.018,5000.00.00.00.00.00.018,500
Foundation Grants0.015,00022,50020,00010,0000.0715,77630,00034,00026,000873,276
Government Grants0.00.015,0000.00.00.02,921,796788,0960.00.03,724,892
Interest and Dividend Income0.00.00.00.05,6000.00.00.05,0104,02714,637
Realized Gain/(Loss) on Sale of Assets0.00.00.00.02,1000.00.00.05,4861,9009,486
Unrealized Gain/(Loss) on Sale of Assets0.00.00.00.06,0000.00.00.08,7773,80018,577
Adjustment of Earnings from Endowments0.09,8740.06,8000.03,687,572(3,687,572)0.0(9,874)(6,800)0.0
Other Income0.00.00.00.014,2000.00.00.00.00.014,200
Total Revenues0.024,874102,876277,251152,0003,704,972(50,000)835,496148,783197,0235,393,275
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,0000.00.00.00.00.0233,000
Fundraising Expenses0.00.00.018,3500.00.00.00.00.00.018,350
Travel and Meetings29,3000.00.00.00.00.00.00.00.00.029,300
Professional Fees15,2006,5000.05,5009,60014,3000.00.00.00.051,100
Office Rent and Expense23,5000.00.00.00.00.00.00.00.00.023,500
Office Supplies9,4000.00.00.00.00.00.00.00.00.09,400
Telephone and Utilities8,8000.00.00.00.00.00.00.00.00.08,800
Property and Casualty Insurance1,2002,6000.00.00.00.00.00.00.00.03,800
Printing and Marketing Expenses13,2000.05,3000.00.00.00.00.00.00.018,500
Special Event Expenses3,1000.00.02,3000.00.00.00.00.00.05,400
Transaction Fees and Expenses0.01,8000.00.012,10018,3000.00.00.00.032,200
Acquis. of Property to be Sold to State0.00.00.00.00.03,516,4960.00.00.00.03,516,496
Grants Made0.00.048,0000.00.00.00.00.00.00.048,000
Other Expense0.00.00.00.00.00.00.00.00.00.00.0
Total Expense238,70041,40088,80044,15035,7003,549,0960.00.00.00.03,997,846
Net Income(238,700)(16,526)14,076233,101116,300155,876(50,000)835,496148,783197,0231,395,429
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
General and Administrative ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther ProgramsXYZ Bald Expansion ProjectXYZ Bald Expansion ProjectABC Creek Acqusisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/UseTotal
Revenues
Program Service / Public Revenues0.00.065,3760.017,3000.00.00.00.00.082,676
Membership Dues0.00.00.053,9510.00.00.00.00.00.053,951
Individual and Business Contributions0.00.00.0178,00096,80017,4000.017,400105,384168,096583,080
Fundraising Event Revenues0.00.00.018,5000.00.00.00.00.00.018,500
Foundation Grants0.015,00022,50020,00010,0000.0715,77630,00034,00026,000873,276
Government Grants0.00.015,0000.00.00.02,921,796788,0960.00.03,724,892
Interest and Dividend Income0.00.00.00.05,6000.00.00.05,0104,02714,637
Realized Gain/(Loss) on Sale of Assets0.00.00.00.02,1000.00.00.05,4861,9009,486
Unrealized Gain/(Loss) on Sale of Assets0.00.00.00.06,0000.00.00.08,7773,80018,577
Adjustment of Earnings from Endowments0.09,8740.06,8000.03,687,572(3,687,572)0.0(9,874)(6,800)0.0
Other Income0.00.00.00.014,2000.00.00.00.00.014,200
Total Revenues0.024,874102,876277,251152,0003,704,972(50,000)835,496148,783197,0235,393,275
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,0000.00.00.00.00.0233,000
Fundraising Expenses0.00.00.018,3500.00.00.00.00.00.018,350
Travel and Meetings29,3000.00.00.00.00.00.00.00.00.029,300
Professional Fees15,2006,5000.05,5009,60014,3000.00.00.00.051,100
Office Rent and Expense23,5000.00.00.00.00.00.00.00.00.023,500
Office Supplies9,4000.00.00.00.00.00.00.00.00.09,400
Telephone and Utilities8,8000.00.00.00.00.00.00.00.00.08,800
Property and Casualty Insurance1,2002,6000.00.00.00.00.00.00.00.03,800
Printing and Marketing Expenses13,2000.05,3000.00.00.00.00.00.00.018,500
Special Event Expenses3,1000.00.02,3000.00.00.00.00.00.05,400
Transaction Fees and Expenses0.01,8000.00.012,10018,3000.00.00.00.032,200
Acquis. of Property to be Sold to State0.00.00.00.00.03,516,4960.00.00.00.03,516,496
Grants Made0.00.048,0000.00.00.00.00.00.00.048,000
Other Expense0.00.00.00.00.00.00.00.00.00.00.0
Total Expense238,70041,40088,80044,15035,7003,549,0960.00.00.00.03,997,846
Net Income(238,700)(16,526)14,076233,101116,300155,876(50,000)835,496148,783197,0231,395,429
Analytical Adjustments
Allocation of G&A Expense0.00.00.00.00.00.00.00.00.00.0
Total Adjustments0.00.00.00.00.00.00.00.00.00.0
Adjusted Net Income0.00.00.00.00.00.00.00.00.00.0
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
General and Administrative ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther ProgramsXYZ Bald Expansion ProjectXYZ Bald Expansion ProjectABC Creek Acqusisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/UseTotal
Revenues
Program Service / Public Revenues0.00.065,3760.017,3000.00.00.00.00.082,676
Membership Dues0.00.00.053,9510.00.00.00.00.00.053,951
Individual and Business Contributions0.00.00.0178,00096,80017,4000.017,400105,384168,096583,080
Fundraising Event Revenues0.00.00.018,5000.00.00.00.00.00.018,500
Foundation Grants0.015,00022,50020,00010,0000.0715,77630,00034,00026,000873,276
Government Grants0.00.015,0000.00.00.02,921,796788,0960.00.03,724,892
Interest and Dividend Income0.00.00.00.05,6000.00.00.05,0104,02714,637
Realized Gain/(Loss) on Sale of Assets0.00.00.00.02,1000.00.00.05,4861,9009,486
Unrealized Gain/(Loss) on Sale of Assets0.00.00.00.06,0000.00.00.08,7773,80018,577
Adjustment of Earnings from Endowments0.09,8740.06,8000.03,687,572(3,687,572)0.0(9,874)(6,800)0.0
Other Income0.00.00.00.014,2000.00.00.00.00.014,200
Total Revenues0.024,874102,876277,251152,0003,704,972(50,000)835,496148,783197,0235,393,275
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,0000.00.00.00.00.0233,000
Fundraising Expenses0.00.00.018,3500.00.00.00.00.00.018,350
Travel and Meetings29,3000.00.00.00.00.00.00.00.00.029,300
Professional Fees15,2006,5000.05,5009,60014,3000.00.00.00.051,100
Office Rent and Expense23,5000.00.00.00.00.00.00.00.00.023,500
Office Supplies9,4000.00.00.00.00.00.00.00.00.09,400
Telephone and Utilities8,8000.00.00.00.00.00.00.00.00.08,800
Property and Casualty Insurance1,2002,6000.00.00.00.00.00.00.00.03,800
Printing and Marketing Expenses13,2000.05,3000.00.00.00.00.00.00.018,500
Special Event Expenses3,1000.00.02,3000.00.00.00.00.00.05,400
Transaction Fees and Expenses0.01,8000.00.012,10018,3000.00.00.00.032,200
Acquis. of Property to be Sold to State0.00.00.00.00.03,516,4960.00.00.00.03,516,496
Grants Made0.00.048,0000.00.00.00.00.00.00.048,000
Other Expense0.00.00.00.00.00.00.00.00.00.00.0
Total Expense238,70041,40088,80044,15035,7003,549,0960.00.00.00.03,997,846
Net Income(238,700)(16,526)14,076233,101116,300155,876(50,000)835,496148,783197,0231,395,429
Analytical Adjustments
Allocation of G&A Expense0.00.00.00.00.00.00.00.00.00.00.0
Total Adjustments0.00.00.00.00.00.00.00.00.00.00.0
Adjusted Net Income0.00.00.00.00.00.00.00.00.00.00.0
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
Unrestricted
General and Administrative ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther Programs
BudgetActualBudgetActualBudgetActualBudgetActualBudgetActual
Revenues
Program Service / Public Revenues0.00.065,3760.017,300
Membership Dues0.00.00.053,9510.0
Individual and Business Contributions0.00.00.0178,00096,800
Fundraising Event Revenues0.00.00.018,5000.0
Foundation Grants0.015,00022,50020,00010,000
Government Grants0.00.015,0000.00.0
Interest and Dividend Income0.00.00.00.05,600
Realized Gain/(Loss) on Sale of Assets0.00.00.00.02,100
Unrealized Gain/(Loss) on Sale of Assets0.00.00.00.06,000
Adjustment of Earnings from Endowments0.09,8740.06,8000.0
Other Income0.00.00.00.014,200
Total Revenues0.00.024,8740.0102,8760.0277,2510.0152,0000.0
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,000
Fundraising Expenses0.00.00.018,3500.0
Travel and Meetings29,3000.00.00.00.0
Professional Fees15,2006,5000.05,5009,600
Office Rent and Expense23,5000.00.00.00.0
Office Supplies9,4000.00.00.00.0
Telephone and Utilities8,8000.00.00.00.0
Property and Casualty Insurance1,2002,6000.00.00.0
Printing and Marketing Expenses13,2000.05,3000.00.0
Special Event Expenses3,1000.00.02,3000.0
Transaction Fees and Expenses0.01,8000.00.012,100
Acquis. of Property to be Sold to State0.00.00.00.00.0
Grants Made0.00.048,0000.00.0
Other Expense0.00.00.00.00.0
Total Expense238,7000.041,4000.088,8000.044,1500.035,7000.0
Net Income(238,700)0.0(16,526)0.014,0760.0233,1010.0116,3000.0
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
XYZ Bald Expansion ProjectXYZ Bald Expansion ProjectABC Creek Acqusisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/UseTotal
BudgetActualBudgetActualBudgetActualBudgetActualBudgetActualBudgetActual
Revenues0.00.00.082,676
Program Service / Public Revenues0.00.00.053,951
Membership Dues0.0105,384168,096583,080
Individual and Business Contributions0.00.00.018,500
Fundraising Event Revenues715,77634,00026,000873,276
Foundation Grants2,921,7960.00.03,724,892
Government Grants0.05,0104,02714,637
Interest and Dividend Income0.05,4861,9009,486
Realized Gain/(Loss) on Sale of Assets0.08,7773,80018,577
Unrealized Gain/(Loss) on Sale of Assets(3,687,572)(9,874)(6,800)0.0
Adjustment of Earnings from Endowments0.00.00.014,200
Other Income(50,000)0.0148,7830.0197,0230.05,393,2750.0
Total Revenues
Expense0.00.00.0233,000
Payroll and Related Expenses0.00.00.018,350
Fundraising Expenses0.00.00.029,300
Travel and Meetings0.00.00.051,100
Professional Fees0.00.00.023,500
Office Rent and Expense0.00.00.09,400
Office Supplies0.00.00.08,800
Telephone and Utilities0.00.00.03,800
Property and Casualty Insurance0.00.00.018,500
Printing and Marketing Expenses0.00.00.05,400
Special Event Expenses0.00.00.032,200
Transaction Fees and Expenses0.00.00.03,516,496
Acquis. of Property to be Sold to State0.00.00.048,000
Grants Made0.00.00.00.0
Other Expense0.00.00.00.00.00.03,997,8460.0
Total Expense
Net Income(50,000)0.0148,7830.0197,0230.01,395,4290.0
IS Model 2
Southern Appalachian Highlands Conservancy (Oversimplified)
Income Statement
Budget For the Year Ending 6/30/07
UnrestrictedTemporarily RestrictedPermanently Restricted
General and Administrative ExpenseStewardship OperationsOutreach Workshops ProgramGeneral Fundraising ProgramsOther ProgramsXYZ Bald Expansion ProjectABC Creek Tract Acquisition ProjectStewardship Endowment Funding/UseGeneral Endowment Funding/Use
Revenues
Program Service / Public Revenues48,25017,30082,676
Membership Dues53,95153,951
Individual and Business Contributions178,000110,50017,400212,110268,096583,080
Fundraising Event Revenues18,50018,500
Foundation Grants15,00022,50020,00010,000678,77650,00030,00030,000873,276
Government Grants15,0002,430,000478,7963,724,892
Interest and Dividend Income11,2004,10014,637
Realized Gain/(Loss) on Sale of Assets4,3001,9009,486
Unrealized Gain/(Loss) on Sale of Assets14,1003,80018,577
Adjustment of Earnings from Endowments27,0006,800(27,000)(6,800)0.0
Other Income14,20014,200
Total Revenues0.042,00085,750277,251152,0003,108,776546,196244,710301,0965,393,275
Expense
Payroll and Related Expenses135,00030,50035,50018,00014,000233,000
Fundraising Expenses18,35018,350
Travel and Meetings29,30029,300
Professional Fees15,2006,5005,50014,3009,60051,100
Office Rent and Expense23,50023,500
Office Supplies9,4009,400
Telephone and Utilities8,8008,800
Property and Casualty Insurance1,2002,6003,800
Printing and Marketing Expenses13,2005,30018,500
Special Event Expenses3,1002,3005,400
Transaction Fees and Expenses1,80018,30012,10032,200
Acquis. of Property to be Sold to State3,000,0003,516,496
Grants Made48,00048,000
Other Expense0.0
Total Expense238,70041,40088,80044,15014,0003,032,60021,7000.00.03,997,846
Net Income(238,700)600(3,050)233,101138,00076,176524,496244,710301,0961,395,429
Endowment Strategy
Endowment Spending Strategy
Beginning of Year Balance752,217
Endowment Spending Strategy
Beginning of Year Balance752,217
Earnings:
Plus Interest and Dividends Earned13,540Assumed Yield:1.8%
Plus Realized Capital Gains15,044Assumed Rate:1.8%
Plus Unrealized Capital Gains24,071Assumed Rate:2.0%
Total Earnings and Gains52,655
Endowment Spending Strategy
Beginning of Year Balance752,217
Plus Interest and Dividends Earned13,540Assumed Yield:1.8%
Plus Realized Capital Gains15,044Assumed Rate:2.0%
Plus Unrealized Capital Gains24,071Assumed Rate:3.2%
Total Earnings and Gains52,655Total Earnings Rate:7.0%
Less Endowment Distribution to Operations(52,655)
End of Year Balance752,217
Endowment Spending Strategy
Beginning of Year Balance752,217
Plus Interest and Dividends Earned13,540Assumed Yield:1.8%
Plus Realized Capital Gains15,044Assumed Rate:2.0%
Plus Unrealized Capital Gains24,071Assumed Rate:3.2%
Total Earnings and Gains52,655Total Earnings Rate:7.0%
Less Endowment Distribution to Operations(27,080)
Target End of Year Balance before Additions777,792Beg. Of Year Balance + Inflation of3.4%
Endowment Spending Strategy
Beginning of Year Balance752,217
Plus Interest and Dividends Earned13,540Assumed Yield:1.8%
Plus Realized Capital Gains15,044Assumed Rate:2.0%
Plus Unrealized Capital Gains24,071Assumed Rate:3.2%
Total Earnings and Gains52,655Total Earnings Rate:7.0%
Less Endowment Distribution to Operations(27,080)
Target End of Year Balance before Additions777,792Beginning of Year Balance + Inflation of 3.4%
Plus New Additions from Fundraising123,208
Target End of Year Balance901,000
Endowment Spending Strategy
20072008200920102011
Beginning of Year Balance752,217901,0001,050,0001,199,0001,348,000
Plus Interest and Dividends Earned13,54016,21818,90021,58224,264
Plus Realized Capital Gains15,04418,02021,00023,98026,960
Plus Unrealized Capital Gains24,07128,83233,60038,36843,136
Less Endowment Distribution to Operations(27,080)(32,436)(37,800)(43,164)(48,528)
End of Year Balance before New Additions777,792931,6341,085,7001,239,7661,393,832
Plus New Additions from Fundraising123,208118,366113,300108,234106,168
End of Year Balance901,0001,050,0001,199,0001,348,0001,500,000
PFS 1
Personal Net Worth Statement
ASSETS12/31/2006 Age 2812/31/1512/31/0512/31/0512/31/2045 Age 68
Cash and Savings5,00010,00015,00030,00050,000
IRA or Other Retirement Account15,00050,000125,000225,000350,000
Educational Savings Funds (for Kids)1,00035,00065,00020,0000.0
Stocks, Bonds, and Other Financial Assets0.010,00050,000100,000150,000
Real Estate155,000155,000155,000275,000275,000
Automobile and Other Personal Property40,00045,00055,00075,00080,000
Total216,000305,000465,000725,000905,000
LIABILITIES
Credit Card and Consumer Debt1,0002,6003,7001,3501,000
Automobile Notes Payable16,00015,0005,0000.00.0
Student Loans23,00015,0000.00.00.0
Mortgages on Real Estate140,000120,00050,00050,0000.0
Total180,000152,60058,70051,3501,000
Net Worth36,000152,400406,300673,650904,000
PFS2
Personal Net Worth Statement
ASSETS12/31/2006 Age 2812/31/1512/31/0512/31/0512/31/2046 Age 68
Cash and Savings5,00010,00015,00030,00050,000
IRA or Other Retirement Account15,00050,000125,000225,000350,000
Educational Savings Funds (for Kids)1,00035,00065,00020,0000.0
Stocks, Bonds, and Other Financial Assets0.010,00050,000100,000150,000
Real Estate155,000155,000155,000275,000275,000
Automobile and Other Personal Property40,00045,00055,00075,00080,000
Total216,000305,000465,000725,000905,000
LIABILITIES
Credit Card and Consumer Debt1,0002,6003,7001,3501,000
Automobile Notes Payable16,00015,0005,0000.00.0
Student Loans23,00015,0000.00.00.0
Mortgages on Real Estate140,000120,00050,00050,0000.0
Total180,000152,60058,70051,3501,000
Net Worth36,000152,400406,300673,650904,000
PFS3 and Key
Personal Net Worth Statement
ASSETS
Cash and Savings5,00010,00015,00030,00050,000
IRA or Other Retirement Account15,00050,000125,000225,000350,000
Educational Savings Funds (for Kids)1,00035,00065,00020,0000.0
Stocks, Bonds, and Other Financial Assets0.010,00050,000100,000150,000
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