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<br />0033?3 <br /> <br />Other than ~ecording interest received during <br />the year. changes in invested cash are <br />not recorded on the financial statement. <br /> <br />, <br />I <br />11 <br /> <br />by the purchase of individual life insurance <br />po\\c\es and partic\pants' shares of the pension <br />trust fund. Cash of $19,152 was expended <br />by the Association for the year ended Septem~ <br />ber 3D, 1982. <br /> <br />5, Leases <br /> <br />The Association leased office space in Omaha <br />on a month to month basis requIring monthly <br />payments of $2,362 generating total rental <br />expense of $28,347 for 1982. Effective October <br />1, 1982, the Association entered into a two <br />year and nine month lease for new office space <br />requiring rentals of $7,790 for the nine months <br />ending June 3D, 1983, and $10,973 and <br />$11,704 for the years ending June 30, 1984 and <br />1985, respectively. <br /> <br />For 1982 equipment rentals amounted to <br />$9,632. Operating leases require payments of <br />$7,769 through June 30, 1983. <br /> <br />6. Cash and Invested cash <br /> <br />At September 30, 1982, cash and invested cash <br />includes the following: <br />Non-interest bearmg c~sh accounts: <br />Portion relating to cooperative studies <br />Remaining balance (overdrafl) <br /> <br />T alai cash <br /> <br />Investments: <br /> <br />Face <br />value <br /> <br />U,S. Treasury Bills. <br />due October 14. 1962 $ 40,000 <br />U.S. Treasury Bills. <br />due December 9. 1982 60,000 <br />U.S. Treasury Bills. <br />due February 3, 1983 95,000 <br />U,S. Treasury 81l1s. <br />due September 8, 1983 530,000 <br />Repurchase agreements 82,000 <br /> <br />TOlal Invested cash <br /> <br />Tot.al cash and invested cash <br /> <br />10 <br /> <br />S 68,992 <br />(23.371) <br /> <br />-45,621 <br /> <br />38.842 <br /> <br />58,093 <br /> <br />89,905 <br /> <br />476.946 <br />82.000 <br />745,786 <br />$791,407 <br /> <br />7. Conlingent liability <br /> <br />Assets of the Commission were transferred to <br />the Association subject to assumption of <br />unemployment compensation obligations of the <br />Commission, estimated at $11,024. The <br />Association may incur additional unemployment <br />compensation obligations for employees <br />terminated during the year ended September 30, <br />1982. Since the Association has not yet re- <br />ceived any request for payment, no amount is <br />included in obligations for unemployment <br />compensation in the accompanying statement. <br /> <br />\ <br />~ <br />i' <br /> <br />I' <br />,. <br />, <br /> <br />I <br />, <br />~ ' <br />, <br />,~ <br /> <br />',1 <br />