Financials CONSOLIDATED STATEMENT, YE AR ENDED JUNE 30, 2016 STATEMENT OF ACTIVITIES
REVENUE Government Grants & Contracts Contributions Program Revenue Rental Income Other
$ $ $ $ $
10,804,409 10,893 308,214 17,500 107,094
Total Revenue
$
11,248,110
Program Services Administrative Deferred Rent Adjustment*
$ $ $
9,617,507 2,297,097 (727,827)
Total Expenses
$
11,186,777
Change in Net Assets
$
61,333
Net Assets - Beginning of year Net Assets - End of year
$ $
1,976,388 2,037,721
EXPENSES
I N DE PE N DE N T FI N A N C I A L AU D I T BY M AY E R H O F FM A N M C C A N N C PA S
* $2,517,716 in effective rent based on GAAP-mandated averaging of long-term lease payments on NMIC's main office minus $1,789,889 actual rent leaves a $727,827 artificial deferred rent adjustment.
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