NOTES TO FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2013


2. INVENTORY The Commission’s inventory consisted of the following as of December 31, 2013: Emblem items Publications


Total Inventory


3. INVESTMENTS The Commission’s investments consisted of the following as of December 31, 2013: Mutual funds: Equity


Fixed-income


Mutual Funds Subtotal Money market funds Certificates of deposit


Exchange-traded products Total Investments


Net investment income consisted of the following for the year ended December 31, 2013: Unrealized gains


Interest and dividends Realized gains


Total Net Investment Income


$ 23,764 6,587


$ 30,351


$1,872,723 162,797


2,035,520 1,033,837 819,008 23,809


$3,912,174


$ 174,849 91,218 15,115


$ 281,182


Investment expenses totaled $8,052 for the year ended December 31, 2013. Interest earned on cash accounts totaling $390 is included in net investment income in the accompanying statement of activities.


4. PROPERTY AND EQUIPMENT


The Commission held the following property and equipment as of December 31, 2013: Computer database


Furniture and equipment Computers


Leasehold improvements Total Property and Equipment


Less: Accumulated Depreciation and Amortization Property and Equipment, Net


Depreciation and amortization expense totaled $99,329 for the year ended December 31, 2013. Annual Report 2013 31


$ 505,767 234,870 46,968 4,805


792,410


(645,800) $ 146,610


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36