371 



33 



SMITHSONIAN INSTITUTION 



Notes to Financial Statements 



September 30, 2000 



($ millions) 



(b) Government Grants and Contracts 



The Smithsonian receives funding or reimbursement from governmental agencies for various 

 activities which are subject to audit. Audits of these activities have been completed through 

 fiscal year 1999. Management believes that any adjustments which may result from the audit for 

 fiscal year 2000 will not have a significant effect on the Smithsonian's financial position. 



(c) Litigation 



The Smithsonian is a party to various litigation arising out of the normal conduct of its 

 operations. In the opinion of the Smithsonian's General Counsel, the ultimate resolution of these 

 matters will not have a significant effect on the Smithsonian's financial position. 



(d) National Museum of the American Indian 



Construction of the National Museum of the American Indian was in progress at September 30, 

 2000, and commitments under related contracts aggregated approximately $1.9 at that date. 

 Federal appropriations of $73.3 are budgeted for this project and related contributions collected 

 or pledged of $29.0 are included in temporarily restricted net assets at September 30, 2000. The 

 museum is expected to open in fiscal year 2003. 



(e) National A ir and Space Museum Extension 



In October 2000, construction began on an extension of the National Air and Space Museum at 

 Washington Dulles International Airport in Northern Virginia. 



The costs of this project are estimated at $238 and are expected to be financed through a 

 combination of contributions, net revenues from business activities of the facility, and external 

 borrowing. Contributions and business activities revenues are expected to fully service any 

 external borrowing required to complete construction. Restricted contributions collected or 

 pledged of $80 are included in temporarily restricted net assets at September 30, 2000. This 

 facility is expected to open in fiscal year 2004. 



