Annual Report - Nebraska Lottery
Annual Report - Nebraska Lottery
Annual Report - Nebraska Lottery
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
statement of<br />
N E T A S S E T S<br />
ASSETS:<br />
CURRENT ASSETS<br />
Cash and Cash Equivalents $ 5,267,568<br />
Accounts Receivable, Net of Allowance (Note 4) 3,726,933<br />
Prepaid Prizes 153,191<br />
Prepaid Contract Costs - Instant 253,656<br />
TOTAL CURRENT ASSETS 9,401,348<br />
NON CURRENT ASSETS<br />
Reserves on Deposit (Note 6) 1,743,914<br />
Furniture, Fixtures, and Equipment (Note 5) 447,698<br />
Less: Accumulated Depreciation 403,922<br />
Capital Assets, Net 43,776<br />
TOTAL NON CURRENT ASSETS 1,787,690<br />
TOTAL ASSETS $11,189,038<br />
LIABILITIES:<br />
CURRENT LIABILITIES<br />
Accounts Payable $ 357,704<br />
Vendors Payable 869,405<br />
Compensated Absences Payable 143,976<br />
Accrued Payroll Payable 68,489<br />
Withheld Taxes on Prizes Paid 28,052<br />
Prizes Payable 4,685,494<br />
Due to Other Funds 20,825<br />
Other Accrued Liabilities 75,219<br />
TOTAL CURRENT LIABILITIES $6,249,164<br />
NET ASSETS<br />
June 30, 2005<br />
Invested in Capital Assets $ 43,776<br />
Restricted for Future Prizes 1,743,914<br />
Unreserved (Note 8) 3,152,184<br />
TOTAL NET ASSETS $4,939,874<br />
The accompanying Notes to the Financial Statements are an integral part of this statement.<br />
21
Change language