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AMERICAN PAINT HORSE ASSOCIATION BOARD OF ... - Press

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Statement of Financial Position<br />

December December<br />

LIABILITIES AND NET ASSETS 2011 2012<br />

Accounts payable-trade $ 383,089 $ 493,053<br />

Accrued expenses $ 1,198,217 $ 1,101,457<br />

Deferred revenues $ 2,737,646 $ 2,695,532<br />

Total Liabilities $ 4,318,952 $ 4,290,042<br />

NET ASSETS<br />

Temp restricted, B Trust $ 1,770,742 $ 1,478,406<br />

Unrestricted $ 13,842,831 $ 13,453,509<br />

Total Net Assets $ 15,613,573 $ 14,931,915<br />

Total Liabilities & Net Assets $ 19,932,525 $ 19,221,957

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