Combined Statements of Activities and Net Asset Balances
Years Ended March 31, 2001 and 2000
SPEEA Combined All Funds
General Properties, Eliminations
Fund Board Designated Funds Inc. (Note 11) 2001 2000
Strike &
Good of the Negotiation Building
Union Funds Fund Fund
Dues income $ 4,509,822 $ 4,509,822 $ 2,792,931
Operating expenses:
Payroll and payroll costs $ 2,422,825 $ $ 2,422,825 $ 1,950,202
Occupancy expenses 244,680 17,692 262,372 230,159
Supplies and office expense 278,553 278,553 170,240
Professional services 68,084 68,084 31,227
Negotiations 192,122 192,122 665,906
Operations 836,319 836,319 309,190
Membership services 163,669   163,669 101,568
$ 4,206,252 $ 17,692 $ 4,223,944 $ 3,458,492
Increase (decrease) in net assets
from operations $ 303,570 $ (17,692) $ 285,878 $ (665,561)
Other income and (expense):
Interest and dividend income $ 21,926 $ 266 $ 387 $ 17,954 $ 40,533 $ 63,612
Advertising income 1,116 1,116 130
Miscellaneous income 3,607 3,607 12,472
Reimbursed legal costs (Note 13) 45,018
Strike fund donations (Note 12) 17,121 17,121 398,320
Entertainment book commissions
and members donations 4,897 4,897 2,729
Disbursements on members behalf (32,007) (32,007) (430,826)
Net realized gains (losses) on
sale of investments 24,397 (5,404) 18,993 191,277
Net unrealized losses on
long-term investments (173,943) (152,568) (326,511) (56,952)
Investment advisor fees (9,627)     (9,379) (19,006) (20,558)
$ (132,524) $ (9,723) $ 387 $ (149,397)   $ (291,257) $ 205,222
Increase (decrease) in net assets
from current endeavors $ 171,046 $ (9,723) $ 387 $ (149,397) $ (17,692) $ $ (5,379) $ (460,339)
Net asset balances at start of year 1,059,593 28,064 3,240 668,204 386,631 (140,000) 2,005,732 2,466,071
$ 1,230,639 $ 18,341 $ 3,627 $ 518,807 $ 368,939 $ (140,000) $ 2,000,353 $ 2,005,732
Net interfund transfers (Note 7) (75,000)   75,000          
Net asset balances at end of year $ 1,155,639 $ 18,341 $ 78,627 $ 518,807 $ 368,939 $ (140,000) $ 2,000,353 $ 2,005,732