SMITHSONIAN INSTITUTION 



Statement of Financial Activity For the Year Ended September 30, 



1998 (In thousands) 



Unrestricted 



Operating revenue: 

 Government funding and other revenue: 

 Federal appropriations 

 Government grants and contracts 

 Short-term investment income (note 8) 

 Endowment payout (note 8) 

 Private grants 



Rentals, fees, and commissions 

 Auxiliary activities (note 15) 



Trust 



Federal 





Funds 



Funds 



Total 





393,032 



393,032 



57,320 



— 



57,320 



2,374 



— 



2,374 



13,208 



— 



13,208 



5,682 



— 



5,682 



8,335 



— 



8,335 



213,109 



— 



213,109 



Temporarily Permanently 



Restricted Restricted 



Total Trust Funds Trust Funds 



6 

 6,059 

 7,318 



459 



Total government funding and other revenue 



300,028 



393,032 



693,060 



13,383 



459 



Contributions: 

 Program support 

 Construction of facilities 



27,888 



27,851 

 3,815 



8,003 



Total 



1998 



706,902 



63,742 

 3,815 



1997 



393,032 



383.468 



57,320 



56,703 



2,380 



1,924 



19,726 



18,174 



13,000 



7,708 



8,335 



14,055 



213,109 



202,467 



684,499 



37,924 

 6,422 



Total contributions 



27,888 



27,888 



31,666 



;,003 



67,557 



44,346 



Total operating revenue and support 

 Net assets released from restrictions 



327,916 

 12,170 



393,032 



720,948 

 12,170 



45,049 

 (12,170) 



Total operating revenue, support and other additions 



Expenses: 



Research 



Collections management 



Education, public programs, and exhibitions 



Auxiliary activities (note 15) 



Aa^ministration 



Advancement 



340,086 



73,953 

 2,729 

 30,506 

 196,990 

 25,950 

 10,459 



393,032 



127,644 

 57,128 

 77,304 



98,984 



733,118 



201,597 

 59,857 

 107,810 

 196,990 

 124,934 

 10,459 



32,879 



i,462 

 ;,462 



774,459 



774,459 



201,597 

 59,857 

 107,810 

 196,990 

 124,934 

 10,459 



728,845 



728,845 



190,042 

 56,545 

 130,158 

 183,369 

 122,471 

 9,353 



Total expenses 



340,587 



361,060 



701,647 



701,647 



691,938 



Increase (decrease) in net assets from operations (501) 31,972 31,471 



Endowment return in excess of (less than) payout (note 8) (21,207) — (21,207) 



Change in net assets related to collection items not capitalized 

 (note 5): 



Proceeds from sale 737 — 737 



Collection items purchased (6,938) (1,893) (8,831) 



32,879 

 (9,621) 



8,462 

 3 



72,812 

 (30,825) 



737 



(8,831) 



See accompanying notes to the financial statements. 



36,907 

 109,283 



2,719 

 (9,358) 



Increase (decrease) in net assets 



(27,909) 



30,079 



2,170 



23,258 



8,465 



33,893 



139,551 



Net assets, beginning of the year 

 Net assets, end of the year 



479,190 

 $451,281 



396,192 

 426,271 



875,382 

 877,552 



178,966 

 202,224 



56,462 

 64,927 



1,110,810 

 1,144,703 



971,259 

 1.110.810 



SMITHSONIAN INSTITUTION 



Statement of Cash Flows For the Year ended September 30, 1998 (In thousands) 







Total Funds 



Trust 

 Funds 



Federal 

 Funds 







1998 



1997 



S 3,814 



30,079 



33.S93 



139,551 



(737) 





(737) 



(2,719) 



6,938 



1,893 



8,831 



9,358 



7,388 



38,493 



45,881 



37,938 



364 



219 



583 



1,339 



(4,822) 



— 



(4,822) 



(2,916) 



(3,815) 



— 



(3,815) 



(6,422) 



— 



(68,850) 



(68,850) 



(52,850) 



(462) 



— 



(462) 



(419) 



277 



— 



277 



792 



26,505 



— 



26,505 



(107,160) 



(18,325) 



(1,698) 



(20,023) 



(9,564) 



1,293 



— 



1,293 



6,603 



— 



— 



— 



(300) 



(2,133) 



(83) 



(2,216) 



1,268 



Cash flows from operating activities: 

 Increase in net assets 



Adjustments to reconcile increase in net assets to net 

 cash provided by operating activities: 

 Proceeds from sales of collections 

 Collection items purchased 

 Depreciation 



Loss on disposition of assets 

 Contributions for increases in endowment 

 Contributions for construction of property 

 Appropriations for repair, restoration and construction 

 Investment income restricted for long-term investment 

 Provision for doubtful accounts 

 Net realized and unrealized loss (gain) on investments 

 Decrease (increase) in assets: 

 Receivables and advances 

 Prepaid and deferred expenses 

 Other assets 

 Inventory 



2S9 



