PPI demonstrated sound fiscal management and accountability measures in 2014, as demonstrated by the audit completed as of December 31, 2014 by Good & Fowler, LLP. The Statement of Activities reflects a total Revenue and Support of $1,912,004, or an increase of $23,140 or 1.2% from prior year. Total Expenses were $1,916,502, or a decrease of $40,834 or 2% from prior year. The total change in net assets is a difference of $4,498, an improvement of 93% over the prior year.
Chart A: 2014 Revenue Sources
Chart B: 2014 Expense Allocation
Statement of Activities
For the Year Ended December 31, 2014
With Comparative Totals (USD) for the Year Ended December 31, 2013
|REVENUE (Chart A)|
|Asian Development Bank Grant||135,432||69,937|
|PPI Executive Seminar Registration||37,550||77,000|
|TOTAL REVENUE & SUPPORT||1,912,004||1,888,864|
|EXPENSES (Chart B)|
|CHANGE IN NET ASSETS||(4,498)||(68,472)|
|NET ASSETS AT BEGINNING OF YEAR||1,687,717||1,756,189|
|NET ASSETS AT END OF YEAR||$1,683,219||$1,687,717|
Note: The financial information presented is from the audited financial statements. Interested parties can obtain a complete copy of the audited financial statements by contacting our office.