Cherishing Our Children - The Villages

Assets for 2007
Cash and cash equivalents $ 2,755,536
Certificates of deposit 170,014
Accounts receivable, net of allowance of $108,289 and $104,421 2,449,769
Pledges receivable 12,200
Grants receivable 1,016,848
Unbilled receivable 242,502
Other receivables 43,754
Investments 214,934
Prepaid expenses and other assets 138,329
Property and equipment 1,984,831
Total assets $ 9,028,717
Liabilities
Accounts payable $ 568,699
Accrued payroll, taxes and benefits 581,960
Accrued vacation 210,870
Other accrued expenses 186,371
Long-term debt 1,083,251
Total liabilities $ 2,631,151
Net Assets
Unrestricted $ 5,831,231
Temporarily restricted 414,330
Permanently restricted 152,005
Total net assets 6,397,566
Total liabilities and net assets $ 9,028,717
Revenues, Gains and Other Support
Contributions $ 550,090
Government grants 6,474,121
Fees for services 15,709,723
Investment income 190,937
Rental Income 43,098
Other income 169,832
Total revenues, gains, and other support $ 23,137,801
Agency Expenses
Program Expenses $ 21,624,757
Management and general 1,820,867
Other supporting activities 279,740
Total agency expenses $ 23,725,364
Return to Fund Balance* $ -587,563
*This reflects a priority investment in the merger of Prevent Child Abuse Indiana into The Villages, and the public awareness of the
continuing need for exemplary foster parents.
This consolidated statement of financial position of The Villages of Indiana, Inc. as of December 31, 2007, and the related
consolidated statement of activities for the year then ended were compiled from our complete financial statements. Those financial
statements, and BKD LLP’s opinion thereon, are available upon request.
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