University of Wisconsin - La Crosse Foundation, Inc. | Supporting the purposes and programs of UW-L | About the Foundation

FINANCIAL REPORT
For the 12 months ending June 30, 2006 and June 30, 2007

BALANCE SHEET

ASSETS

June 30, 2006

June 30, 2007

Cash and Cash Investments	$ 1,857,715	$4,067,016
Investments Professionally Managed	$ 13,100,937	$14,954,043
Accounts Receivable	$ 2,736,163	$6,558,273
Other Gift Assets	$112,144	$141,873
Building & Equipment	$49,979	$58,937
TOTAL ASSETS	$17,856,938	$25,780,142

LIABILITIES AND FUND BALANCE

Liabilities	$77,730	$67,164
Due to Other Funds	$204,314	$394,137
Total Liabilities	$282,044	$461,301
Fund Balance	$17,574,894	$25,318,841
TOTAL LIABILITIES AND FUND BALANCE	$17,856,938	$25,780,142

STATEMENT OF SUPPORT, REVENUE AND CHANGES IN FUND BALANCE

INCOME

June 30, 2006

June 30, 2007

Contributions and Capital Additions	$4,832,326	$8,352,980
Interest and Other Income	$705,258	$835,090
TOTAL INCOME	$5,537,584	$9,188,070

EXPENSES (SUPPORT FOR THE UNIVERSITY)

Scholarships, Grants and Awards for Campus and Community	$2,236,249	$2,510,593
Fund Raising Costs	$129,131	$199,962
Cost of Operations	$93,754	$135,159
TOTAL EXPENSES	$2,459,134	$2,845,714

Net Appreciation (Depreciation) on Investments	$124,209	$1,401,591
Increase/(Decrease) in Fund Balance	$3,202,659	$7,743,947
Beginning Fund Balance	$14,372,235	$17,574,894
Ending Fund Balance	$17,574,894	$25,318,841

Breakdown of Expenditures
(12 months ending June 30, 2007)
Percent of each dollar expended for services, fund raising and operations.

88% - Program Services
Ongoing projects - endowment and restricted scholarships, university and community projects, faculty development grants, public education and other designated gifts.
7% - Fund Raising Costs
Expenses for annual fund and phonathon mailings and with alumni and other friends of UW-La Crosse planning special gifts.
5% - Cost of Operations
The administration, distribution and evaluation of scholarship and loan applications, administration of faculty grants, maintenance of on-campus support programs (e.g., publications, receptions, etc.).