Board of Directors – July 10, 2024: Financial Reports – Balance Sheet


As of May 31, 2024

CategoryCurrent Year TotalBeginning Year BalanceYTD Change
Assets   
Cash in Bank2,355,5271,368,590986,937
Accounts Receivable – Customer1,915,9212,541,644(625,723)
Prepaid Expenditures2,47448,147(45,673)
Land15,59415,5940
Land Improvements5,2245,2240
Building916,674916,6740
Furniture61,42661,4260
Equipment118,306118,3060
Accumulated Depreciation(650,669)(639,406)(11,265)
Total Assets4,740,4774,436,199304,277
Liabilities
Accounts Payable615,586761,154(145,568)
Cafe Plan Unreimb Health Exps(3,560)4,974(8,534)
AAA Special Assistance Advance000
ARCH Advance 2015000
Unearned Revenue692,928328,139364,789
Employee Compensated Absences222,483222,4830
Total Liabilities1,527,4371,316,750210,687
Fund Equity
New Section
Fund Balance: Unreserved3,119,4493,119,4490
Current Earnings93,591093,591
Total Fund Equity3,213,0403,119,44993,591

Total Liability and Fund Equity4,740,4774,436,199304,277