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NOTE Ft <br />Volunteers- Since title to the property was transferred from <br />the~State7 many hours of volunteer labor have been provided to <br />assist in the clean-up and repair of the grounds and buildings <br />at the Camp. Records of these donated services are not <br />availablei however, they are reported as substantial by BOARD <br />OF GOVERNORS members. <br />NOTE C: <br />Accounting_Changes_;_Statement_of_Cash_FJ.ows- Statement ot <br />pTnancTal "Accounting Standards No. 95 (SFAS No. 95) "Statement <br />of Cash Flows* was issued in November 1987. The statement <br />requires that a statement of cash flows be presented rather <br />than a statement of changes in financial position when issuing <br />a complete set of finanical statements for annual periods <br />ending after July 15, 1988. As allowed by SFAS No. 95 the <br />Corporation has elected not to restate prior years financial <br />statements. <br />NOTE H: <br />Wi thhoJ.ding_Tax_DeJ[j.nguencies- Federal Insurance Contributions <br />and Federal withholding Taxes have not been remitted for the <br />period January 1, to September 30, 1989. We have provided the <br />proper accruals of Employer Tax Expense and Employees Tax <br />Withheld. We have applied for waiver on any penalties on this <br />deficiency based upon the death of the former Treasurer. We <br />do not have any information at this time as to the decision by <br />the Internal Revenue Service concerning this matter, nor have <br />we calculated the interest due on the non-payments. As ot <br />report date, all deliquent taxes have been paid.