Revenue and Expenditures

Total: $59.08 Million

Balance Sheet	2016(Audited)	2017(Unaudited)
Assets
Cash and Short-Term Investments	$34,346	$40,402
Accounts Receivable/Other Assets	1,313	1,080
Current Assets	35,658	41,482
Non-current Assets	35,989	37,316
Total Assets	71,647	78,798
Liabilities
Accounts Payable	10,045	11,066
Research Grants Payable	6,313	5,525
Long-Term-PTOWM	18,089	16,921
Total Liabilities	35,114	33,512
Reserve Balance
Designated	4,896	1,500
Undesignated	31,637	43,787
Total Fund Balance	36,533	45,287
Total Liabilities and Fund Balance	$71,647	$78,798

Statement of Revenue and Expenses	2016(Audited)	2017(Unaudited)
Revenue
Market Deductions	$67,999	$74,053
Other: Program Income, Interest, etc	2,286	2,395
Total Revenue	70,285	76,448
Expenses
Domestic Marketing and International Trade	23,814	26,139
Science and Technology	10,320	10,135
Communications	4,662	4,058
Shareholder Outreach	4,720	4,198
Social Responsibility	9,488	164
Policy and Management	6,339	6,959
State Funding/PASLWOCO	13,648	14,764
Interest Expense	1,386	1,277
Total Expenses	74,377	67,694
Total (Deficit) Surplus For Period	$-4,092	$8,754