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A S S E T S ; Oeneral Pumoee Grants : Demand deposits i n banks Receivables : Zntra-association, Inter- Ehployees national Commission Prepaid travel expense Zxpondi tures chargeable t o grant (Note) SDecific Purpoee Qrantst Current asset: . . *e from aeneral Purpose Osants _ . Totab assete (excluding intergrant balance) UNITEp STATES NATIONAL STUDENT ASSOCIATION; FOREION STU-8 LEADEMHIP PROJECT BALANCE SHEET, September 30, 1962 - ' Oeneral PurDose Orantst Accounts payable : Intra-association, $191 05 National office $5 289.34 Other .- 749.02 6 038.36 488.99 Due to: specific 27 1 5 5 . 3 . Purpose Orants 33 0 7 3 ~ 3 Soeclfic PurDose Orantet LIABILITIES: -. .* :ta 737.55 7 ?08 .€q 16 126.62 . Unexpended grants, net (Note) - 17 747.11 - Total liabllitiea (excluding , intergrant balance) & 873.73 No%&: Unexpended grants are normally refundable to grantors upon completion or projects and expenditures In advanoe of grants are normally charge- able t o such grants. The realization of the assets represented by . theee expenditures, $27 155.33, and by the intra-association receivable :of $5,289.34 is dependent upon the future receipt of grant8 in the op- proximate aggregate equivalent amount. 17 747.11 +-