Convention Workbook

Financial Statements
PACIFIC SOUTHWEST DISTRICT of
THE LUTHERAN CHURCH MISSOURI SYNOD
STATEMENTS OF FINANCIAL POSITION
DECEMBER 31, 2010 and 2009
2010 2009
Assets:
Cash and Cash Equivalents
Accounts Receivable - Net of Allowance for Doubtful
$ 13,378 $ 37,729
Accounts of $325,765 in 2010 and $208,654 in 2009 131,133 87,996
Interest Receivable 13,568 12,781
Prepaid Expenses and Other Assets 57,834 89,173
Contributions Receivable - Net (Note 4) 172,115 150,008
Loans Receivable - Net (Note 5) 599,954 604,745
Due from the Lutheran Church Extension Fund (Note 6) 87,288 87,431
Property Held for Sale 3,316,538 3,150,000
Advance Site 1,632,319 1,539,911
Property and Equipment Net (Note 7) 4,633,398 4,751,522
Long-Term Investments (Note 8) 727,850 943,207
Funds Held by Third-Party Trustee 7,270 6,811
Total Assets $11,392,645 $ 11,461,314
Liabilities:
Accounts Payable and Accrued Expenses $ 196,791 $ 149,528
Grants Payable 76,039 60,294
Interest Payable 553,706 332,268
Agency Funds Held in Custody for Others 322,749 231,000
Obligation Under Capital Lease (Note 9) 18,297 29,320
Due to Investors in District Church Extension Fund (Note 6) 87,288 87,431
Loans Payable - Lutheran Church Extension Fund (Note 10) 6,618,600 6,566,055
- Other (Note 10) 20,858 7,642
Total Liabilities 7,894,328 7,463,538
Net Assets:
Undesignated (2,840,513) (2,480,019)
Net Investment in Property and Equipment 4,334,259 4,444,389
Total Unrestricted 1,493,746 1,964,370
Temporarily Restricted (Note 11) 1,377,723 1,409,405
Permanently Restricted (Note 12) 626,848 624,001
Total Net Assets 3,498,317 3,997,776
Total Liabilities and Net Assets $11,392,645 $11,461,314
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