25 WAUBET EK BU SIN ES S DEVEL O PM E N T CORPO RA TIO N SU PPL EM E N T A R Y F I NA N C I A L I N F O R M A TI O N OP E R A T I N G F UN D S S chedul e of R ev e nu e E xpens e s a n d C h anges i n N et A s s et s A ugus t 31 201 4 w i t h com par a t i v e f i gur es f or 20 1 3 WAUBETEK BUSINESS DEVELOPMENT CORPORATION Supplementary Financial Information Schedule of Revenue Expenses and Changes in Net Assets Operating Year ended August 31 2014 with comparative information for 2013 Community Futures Operating Fund Special Pro j ects Fund Program Delivery Partne r 2014 Total 2013 Total Revenue Government contributions page 17 300000 682829 520405 1503234 1245863 Other page 17 57152 103263 160415 90642 357152 786092 520405 1663649 1336505 Expenses A dvertising 2481 10050 8289 20820 9657 A mortization of capital assets 12797 12797 10642 Bank charges 612 792 1404 991 Conferences 226363 226363 146706 Directors training and travel 11041 11542 22583 12371 Employee benefits 28967 22321 33604 84892 79139 Business awards dinner 37489 37489 General 1155 1710 1524 4389 2424 Insurance 3132 5779 8911 7223 Office supplies 5452 14437 9589 29478 30316 Professional fees 17948 69504 27023 114475 101916 Rent 6966 14034 21000 21000 Salaries 275467 305739 330883 912089 757662 Telephone 8621 21010 29631 21174 Local initiatives 15999 15999 26967 Youth bursar y 11221 11221 11421 Travel 6819 80986 46780 134585 75591 418947 758330 510849 1688126 1315200 Excess deficiency of revenue over expenses 61795 27762 9556 24477 21305 Net assets beginning of year 50884 179136 11775 140027 118728 Transfer to from restricted 40000 24859 15141 6 Net assets end of year 72679 182039 21331 130691 140027 15