. The Biological bulletin. Biology; Zoology; Biology; Marine Biology. Report of the Treasurer During 1999 the Marine Biological Laboratory had an outstanding year. This was the result of favorable growth in all the areas of operating support and auspicious investment results that further strengthened the balance sheet. All six areas of Operating Support grew by at least 6%, with double-digit growth in Government Grants (), Private Contracts (), and Fees for Conferences and Services (). The biggest change was from Contributions, which increased $ million () from 1998 leve
. The Biological bulletin. Biology; Zoology; Biology; Marine Biology. Report of the Treasurer During 1999 the Marine Biological Laboratory had an outstanding year. This was the result of favorable growth in all the areas of operating support and auspicious investment results that further strengthened the balance sheet. All six areas of Operating Support grew by at least 6%, with double-digit growth in Government Grants (), Private Contracts (), and Fees for Conferences and Services (). The biggest change was from Contributions, which increased $ million () from 1998 levels as the Discovery Campaign hit full stride. These increases in Operating Support combined with restraining expense growth to 8% resulted in an almost sevenfold increase in the Change in Net Assets before Non-operating Activity. Also note that this included an underlying positive change in unrestricted net assets from operations of $138 thousand, the first surplus since 1994. This is particularly favorable considering these results include coverage of $ million in depreciation. Reviewing our Non-operating Activities further demonstrates positive trends. New to our presentation this year is a breakout of the Contributions to Plant, which almost tripled. We have taken this step in light of our extensive capital improvement plans for the next few years. By pulling this out of the ongoing operations we have a much more informative display that gives a better indication of how we are doing in both areas. Total Investment Income and Earnings increased sixfold and enabled us to reinvest over $ million after using roughly one-fifth for Operations. As a result, we reported for the fifth year in a row a positive Total Change in Net Assets. The increase of $ million represents a very healthy return on average net assets. A review of the 1999 balance sheet further demonstrates the positive trends and our continued strong liquidity. The increase in Pledges and Other Receiv
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Keywords: ., bookauthorlilliefrankrat, booksubjectbiology, booksubjectzoology
