Re: figures.

David Bakan (
Fri, 12 Dec 1997 23:53:34 -0500 (EST)


It really was very good to go at it again. Who knows. One of us might
persuade the other!

Let me just comment on one point. You speak of the funds, the operating,
capital, ancillary, sponsored research, trust and endowment [I've got the
financial statements of 97 and 96 in front of me.] and say that the funds
can be spent "only for the purpose for which they are contributed."

In Statement 2, Statement of operations and changes in fund balances, it
shows them moving money OUT OF THE OPERATING FUNDS [and out of the sponsored
research funds and out of the trust and endowment funds] INTO THE CAPITAL

I know that this is true for both 97 and 96, because I have them in front
of me. And I am told by others who have looked back that this has been the
pattern for previous years for some time.