The accompanying notes are an integral part of these statements.
September 30,20122011
Changes in unrestricted net assets:
Support and revenues:    
Federal appropriations:    
General $444,158,950 $429,140,000
Digital —  5,988,000
Investment income:    
Interest income 1,673,156 2,271,346
Realized/unrealized gain (loss) on securities 240,795 (349,335)
Department of Education – Ready to Learn 13,979,666 13,856,895
Royalties and other income, net 701,260 2,020,138
Grant and contract refunds 12,699,316 6,601,314
Total Revenue 473,453,143 459,528,358
 
Expenses
Program services:
New TV program development $65,772,305 $77,690,940
Radio Programming:    
Radio Program Fund 8,136,493 5,557,696
National program production and acquisition grants  22,476,805 27,480,513
System Support:    
Television community service grants 214,691,929 216,481,231
Radio community service grants  68,036,001  62,422,180
Digital 11,536,282 46,408,944
Next Generation TV Interconnection 114,631 88,862
Radio Interconnection 11,290 243,920
Department of Education – Ready to Learn 13,979,666 13,856,895
Other system support 20,927,659 24,895,777
  425,683,061 475,126,958
 
Corporate administration and other expenses 21,134,340 21,037,403
 
Total Expenses 446,817,401 496,164,361
 
Change in Net Assets 26,635,742 (36,636,003)
 
Net Assets, beginning of year 63,273,816 99,909,819
 
Net Assets, end of year $ 89,909,558 $ 63,273,816