CONDENSED FINANCIAL STATEMENTS
BASIS OF PRESENTATION

The condensed financial statements are derived from the Annual Financial Statements of the Greenwich Chapter. These financial statements combine the operating and restricted funds and include plant fund assets. These statements should be read in conjunction with the Chapter's Annual Financial Statements which were audited by the public accounting firm of The Professional Associates, P.C., who issued an unqualified opinion dated August 15, 1997, on those financial statements.
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Condensed Statement of Activities For the Year Ended June 30, 1997   Condensed Statement of Financial Position at June 30, 1997  
         
Support and Revenue     ASSETS  
United Way 272,298   Current Assets  
Special Events (Net of direct costs) 205,219   Cash 239,502
Community Contributions 165,094   Investments - Short -Term 341,506
In-Kind Contributions 9,965   Accounts Receivable 30,930
Interest and Dividends 65,744   Prepaid and Other Assets 19,216
Products and Services 66,680   Total Current Assets 631,154
Other Income 43,512      
TOTAL INCOME 828,512   Investments - Long-Term 413,155
         
Expenses by Program     Plant and Equipment (less depreciation) 283,093
Armed Forces Emergency Services and Social Services 65,870   TOTAL ASSETS 1,327,402
Blood Services 32,427      
Disaster Services 104,356      
Health and Safety 103,591   LIABILITIES AND NET ASSETS  
Community Volunteer Services 112,966   Current Liabilities  
International Services 9,867   Debt - Current Portion 4,827
Service to Chapters 34,843   Accounts Payable and Accrued Liabilities 105,527
Total Program Services 463,920   Total Current Liabilities 110,354
         
Supporting Services     Long-term Debt 21,695
Membership and Fund-Raising 86,775      
Management and General 181,053   TOTAL LIABILITIES 132,049
Total Supporting Services 267,828      
         
TOTAL EXPENSES 731,748   NET ASSETS  
      Unrestricted 1,060,758
Excess of Revenues Over Expenses Before Effects of Accounting Changes 96,764   Temporarily Restricted 116,275
Cumulative Effects of Accounting Changes 37,142   Permanently Restricted 18,320
Change in Net Assets 133,906      
Net Assets - Beginning of Year 1,061,447   TOTAL NET ASSETS 1,195,353
Net Assets - End of Year 1,195,353      
      TOTAL LIABILITIES AND NET ASSETS 1,327,402