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<br /> <br /> <br /> <br /> <br /> <br /> EAST TEXAS COUNCIL ON ALCOHOLISM AND DRUG ABUSE <br /> NOTES TO FINANCIAL STATEMENTS <br /> AUGUST 31, 2009 <br /> <br /> <br /> Note 8 -Net Assets Designated for Contingencies <br /> <br /> The Council's Board of Directors has designated net assets in the amount of $190,000 for contingencies <br /> related to future funding of its various programs. The Board of Directors has established this designation <br /> based upon an estimate of three months' fixed operating expenses, including its obligation under its <br /> <br /> facility lease agreement. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 10 0129 <br />