330 



Annals of the Smithsonian Institution 1 999 



(r) Reclassifications 



Certain amounts have been reclassified in prior year to 

 conform with the current year presentation. 



(3) Receivables and Advances 



Receivables and advances consisted of the following at Sep- 

 tember 30, 1999: 



Trust Federal Total 



Trade receivables, net of $1,618 



in allowances 

 Contributions receivable, 



net (note 3a) 

 Grants and contracts 

 Accrued interest and dividends 

 Advance payments (note 3b) 

 Charitable trust 



Total receivables and advances 



(a) Contributions Receivable 



Contributions receivable (pledges) are recorded as revenue 

 when unconditional promises are received. Pledges for 

 which payment is not due within one year are discounted 

 based on rates earned by U.S. Treasury obligations with 

 corresponding maturities. As of September 30, 1999, the 

 aggregate discounted contributions receivable was as fol- 

 lows: 



18,252 





18,252 



101,799 



_ 



101,799 



10,048 



— 



10,048 



805 



— 



805 



1,048 



20,139 



21,187 



2,590 



— 



2,590 



134,542 



20,139 



154,681 



Due within: 

 Less than 1 year 

 1 to 5 years 

 More than 5 years 



Less: 

 Allowance for uncollectible pledges 

 Discount to present value (at rates ranging 

 from 4.43 to 6.45%) 



Contributions receivable, net 



30,017 



83,765 



4,680 



118,462 



(3,812) 



(12,851) 

 101,799 



At September 30, 1999, the Smithsonian has outstanding 

 conditional contributions totaling 515,500 which will be 

 recognized if and when the specific conditions are met. 



(b) Advance Payments 



At September 30, 1999, federal advance payments of 

 approximately 520,139 represent prepayments made to 

 government agencies, educational institutions, firms and 

 individuals for services to be rendered, or property or mate- 

 rials to be furnished. 



At September 30, 1999, advance payments included 

 amounts paid to the General Services Administration of 

 $10,591 for equipment purchases for the Museum Support 

 Center and other projects to be completed in future years. 



(4) Reconciliation of Federal Appropriations 



Federal appropriation revenue recognized in fiscal 



year 1999 can be reconciled to the federal appropriations 



received in fiscal year 1999 as follows: 



Repair and 

 Salaries Restoration 

 and and 



Expenses Construction Total 



Federal appropriation revenue 

 Unexpended 1999 appropriation 

 Amounts expended from 



prior years 

 Other funding 



Fiscal year 1999 federal 

 appropriations 



Federal expenses recognized in fiscal year 1999 can be rec- 

 onciled to the federal appropriations received in fiscal 

 year 1999 as follows: 



Repair and 

 Salaries Restoration 

 and and 



Expenses Construction Total 



344,042 



58,547 402,589 



55,107 



60,400 115,507 



(46,268) 



(58,547) (104,815) 



(1,537) 



— (1,537) 



351,344 



60,400 411,744 



Federal expenses 



I ncxpendcd i" ,JU appropriation 



Depreciation 



Supplies consumption 



Gain (loss) on disposition 



of assets 

 Unfunded annual leave 

 Amounts expended from 



prior years 

 Capital expenditures 

 Collection items purchased 

 Other funding 



Fiscal year 1999 federal 

 appropriations 



Federal unrestricted net assets primarily represent the 

 Smithsonian's net investment in property, plant and 

 equipment purchased with or constructed using federal 

 appropriated funds. 



Unexpended appropriations for all fiscal years total 

 5191,675 at September 30, 1999, and consist of 580,882 

 in unexpended operating funds, 566,565 in unexpended 

 repair and restoration funds and 544,228 in unexpended 

 construction funds. Unexpended operating funds include 

 amounts for the Museum Support Center move and the 

 National Museum of the American Indian. Unexpended 

 repair and restoration funds represent amounts available 



341,856 



30,938 



372,794 



55,107 



60,400 



115,507 



(8,891) 



(30,938) 



(39,829) 



(74) 



— 



(74) 



(3011 



— 



(301) 



(748) 



— 



(748) 



(46,268) 



(58,547) (104,815) 



10,458 



58,547 



69,005 



1,742 



— 



1,742 



(1.537) 



— 



(1,537) 



351,344 



60,400 



411,744 



