. The Biological bulletin. Biology; Zoology; Biology; Marine Biology. Report of the Treasurer During 1998 the Marine Biological Laboratory continued a favorable trend in operations. This progress was due to healthy increases in five of the six areas of Operating Support. Government grants increased and now represent of the total support and revenues. Double digit increases in Private Contracts (), Fees for Conferences and Services () and Miscellaneous Revenues () powered the year's success story. While there was an easing in the present value of Contributions this was
. The Biological bulletin. Biology; Zoology; Biology; Marine Biology. Report of the Treasurer During 1998 the Marine Biological Laboratory continued a favorable trend in operations. This progress was due to healthy increases in five of the six areas of Operating Support. Government grants increased and now represent of the total support and revenues. Double digit increases in Private Contracts (), Fees for Conferences and Services () and Miscellaneous Revenues () powered the year's success story. While there was an easing in the present value of Contributions this was predictable at the midpoint of our very successful Discovery Campaign. As already noted in the Report of the Director and CEO, the campaign is ahead of schedule. Focusing on the change in Unrestricted Net Assets, we enjoyed a three-year favorable trend. The change before nonoperating activity has improved from a deficit of $1 million in 1996, to a deficit of $753 thousand in 1997, to a deficit of only $256 thousand this year. This is particularly auspicious when one realizes these figures are after approximately $ million in depreciation each year. While the Change in Net Assets before nonoperating activity was only half of 1997 results, it was still a robust $ million. Total Investment Income and Earnings of only 820 thousand dollars were unsatisfactory when compared to the multi-million dollar returns in previous years. This was a result of the volatile markets and a revamping of our endowment management philosophy. As a result. Net Assets increased for the fourth year in a row, but the Return on Average Net Assets was only A review of the 1998 Balance Sheet demonstrates our continued strong liquidity and low and improving leverage. Property Plant and Equipment showed a slight decline (). but this is the smallest decline in the past four years as we are in the process of upgrading the physical plant. Plans are underway to expand our capital maintenance effort
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Keywords: ., bookauthorlilliefrankrat, booksubjectbiology, booksubjectzoology
