U.S. Copyright Office
Library of Congress
Annual Report 2002: Financial Statement of Royalty Fees . . . Digital Audio

$3,703,469.97
Financial Statement for Compulsory Licenses for Distribution of Digital Audio Recording Equipment and Media for Calendar Year 2001
Royalty fees deposited
$3,703,469.97
Interest income $156,173.86
Gain on matured securities $21,526.28
Transfers in $242,868.96
Total $4,124,039.07
   
Less:
Licensing operating costs $26,197.95
Refunds issued $67,283.75
Cost of investments $1,295,192.50
Cost of initial investments $106,500.41
CARP Operating costs $49,464.17
Distribution of fees $2,579,377.25
Transfers out  
Total $4,124,016.03
   
Balance as of September 30, 2002 $23.04
Plus: Face amount of securities due $1,296,846.70
   
Audio Home Recording Act royalty fees for calendar year 2001 available for distribution by the Library of Congress $1,296,869.74



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