UNIVERSITY
OF MISSOURI
KBIA-FM RADIO
STATEMENT OF NET ASSETS
JUNE 30, 2003
ASSETS (2003 figure; 2002 figure)
CURRENT ASSETS
Cash and cash equivalents $1,011,800; $860,604
Accounts receivable 34,422; 66,250
Pledges receivable 3,685; 23,299
Prepaid expense 37,924
Total current assets 1,087,831; 950,153
CAPITAL ASSETS
Transmission, antenna & tower 265,433; 265,433
Studio & other broadcast equipment 298,610; 298,610
Furniture and fixtures 4,985
Less: accumulated depreciation (541,832); (536,563)
Total capital assets - net 22,211; 32,465
TOTAL ASSETS $1,110,042; $982,618
LIABILITIES AND NET ASSETS
CURRENT LIABILITIES
Accounts payable and accrued expenses $6,130; $11,107
Deferred Revenue 19,058
Unexpended grants 177,426; 77,572
Total current liabilities 202,614; 88,679
NET ASSETS
Operating - unrestricted 885,217; 861,474
Invested in capital assets 22,211; 32,465
Total net assets 907,428; 893,939
TOTAL LIABILITIES AND NET ASSETS $1,110,042; $982,618
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UNIVERSITY OF MISSOURI SYSTEM
KBIA-FM RADIO
STATEMENT OF REVENUES, EXPENSES
AND CHANGES IN NET ASSETS
FOR THE YEAR ENDED JUNE 30, 2003
OPERATING REVENUES (2003 figure; 2002 figure)
Support from the University of Missouri System $245,624; 280,563
Underwriting Income 249,186; 165,201
Donated facilities and administrative support from University of Missouri System
80,182; 143,982
Community service and other grants from Corporation for Public Broadcasting 105,240;
89,055
Benton Foundation grant 19,286; 0
Other 17,268; 6,944
Total operating revenues 716,786; 685,745
OPERATING EXPENSES:
Program Services
Programming & production 456,967; 427,768
Broadcasting 149,259; 80,380
Program information - 8,126
Total program services 606,226; 516,274
Supporting Services
Fund-raising and membership development 216,911; 230,285
Management and general 231,991; 351,678
Total supporting services 448,902; 581,963
Depreciation expense 5,269; 5,226
Total operating expenses 1,060,398; 1,103,463
LOSS ON DISPOSAL OF CAPITAL ASSETS 4,985 -
OPERATING INCOME (LOSS) BEFORE NONOPERATING INCOME (348,596) (417,718)
NONOPERATING REVENUES (EXPENSES)
Investment Income 6,615 (57,099)
Private Gifts net nonoperating revenues (expenses) 355,470; 379,427
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS 362,085; 322,328
INCREASE (DECREASE) IN NET ASSETS 13,489 (95,390)
FUND BALANCE, BEGINNING OF YEAR 893,939; 989,329
FUND BALANCE, END OF YEAR $907,428; 893,969
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Click here to open an Excel spreadsheet reflecting KBIA's Fiscal Year 2003 statement
of Cash Flows >>
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