the Chief Financial Officer 



343 



Where the revenue goes. . . 



The Smithsonian Institution's total operating expenses for fiscal year 2000 totaled 

 $780.3 million, paid for by funding provided to the Smithsonian Institution in fiscal year 

 2000 and prior fiscal years. Total operating expenses are defined as costs incurred by the 

 Smithsonian Institution for operation of its core functions of caring for and conserving 

 national collections, sustaining basic research on the collections, educating the public about 

 the collections and research findings through exhibitions and other public programs, 

 conducting basic and applied research, and carrying out educational programs. 



As shown in Figure 2, the Smithsonian Institution's operating expenses for fiscal year 2000 

 were in six major categories: 



Figure 2: Fiscal Year 2000 Operating Expenses 



(Amounts shown are millions) 



Operation 



Amount 



Percent 



Research 



$169.9 



22% 



Collections Management 



97.3 



12% 



Education. Public Programs, and Exhibitions 



156.5 



20% 



Business Activities 



199.5 



25% 



Administration 



144.6 



19% 



Advancement (Fund Raising Expenses) 



12.5 



2% 



TOTAL 



780.3 



100% 



Business activities and other revenue are shown as separate gross amounts under the revenue 

 and expense sections above. Business activities and other revenue reported in the 

 Smithsonian Year 2000, on page 57, reflect a net amount of $19.7 million, using gross business 

 activities revenue ($219.2 million) less the gross business activities expense ($199.5 million) 

 amounts. 



Financial Highlights 



A summary of the Smithsonian Institution's finances for fiscal years 1996 through 2000 is 

 provided in Figure 3 below. The amounts shown represent significant items on the 

 Statement of Financial Position and Statement of Financial Activity. 



