2 2 | 2 0 1 7 N O R A A N N U A L R E P O R T Financial reportThe following pages contain
the complete financial report
for the National Oilheat Research Alliance for its 2017-2016 fiscal years.
Audit Report Contents
Independent Auditor’s Report p. 23
Financial Statements
Statements of Financial Position, December 31, 2017 and 2016 p. 25
Statements of Activities, For the Years Ended December 31, 2017 and 2016 p. 26
Statements of Cash Flows, For the Years Ended December 31, 2017 and 2016 p. 27
Notes to Financial Statements p. 28
Supplementary Information
Supplemental Schedules of Expenses by State/Jurisdiction For the Year Ended December 31, 2017 p. 34