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EAST TEXAS COUNCIL ON ALCOHOLISM AND DRUG ABUSE <br />NOTES TO FINANCIAL STATEMENTS <br />AUGUST 31, 2009 <br />Note 8- Net Assets Desip-nated for Contineencies <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 />facility lease agreement. <br />10 <br />