CENTER FOR THE STUDY OF DEMOCRACY

INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 1997

	Note	1997 USD	1996 USD
Support and Revenue
Grants, Contributions and Donations		43,293	55,371
Projects		567,118	433,923
Publications		995	7,666
		611,406	496,960
Expenses
Projects		435,942	324,124
Publications		2,581	9,382
General and administrative		19,273	41,618
		457,796	375,124
Other income/(expenses)	2	(24,160)	(184,875)
Excess/(deficit) of income over expenditure		129,450	(63,039)
Unrestricted fund balance as at 1 January		549,785	612,824
Unrestricted fund balance at 31 December		679,235	549,785