OEFFA and OEFFA Certification Board Meetings 10 October 2010 ...

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Ohio Ecological Food & Farm Association Certification
Statement of Financial Position (Balance Sheet)
August 31, 2010
ASSETS
Current Assets
Checking/Savings
1-1100 · Cash
1-1110 · UBS (PW) -00910 84 2,844.61
1-1150 · Fifth Third 176,470.88 1
1-1155 · Fifth Third MM 75,795.81
1-1160 · Chase Bank 3,446.65
Total 1-1100 · Cash 258,557.95
Accounts Receivable
1200 · Accounts Receivable 12,815.96
1210 · Due from OEFFA Education 13,677.49
Total Accounts Receivable 26,493.45
Total Current Assets 285,051.40
Fixed Assets
1-2100 · Computer Equipment & Software 464.40
Total Fixed Assets 464.40
Other Assets
1300 · Inventory 2,293.00
Total Other Assets 2,293.00
TOTAL ASSETS 287,808.80
LIABILITIES & NET ASSETS
Liabilities
Current Liabilities
Accounts Payable
2-7000 · Accounts Payable 4,827.85
Total Accounts Payable 4,827.85
Other Current Liabilities
2-1300 · Payroll Penalties & Interest Payab 10,109.06 2
2-1400 · Payroll Tax Liabilities
2-1420 · Accrued Payroll Liability 5,211.58 3
2-1420 · FICA Payable 990.78
2-1430 · Fed Withholding 496.48
2-1450 · State Income Tax Payable 403.04
2-1460 · School District Withheld 6.20
2-1470 · City Income Tax Payable 303.08
2-1480 · ODJFS Payable 34.87
2-1485 · BWC Payable 184.20
2-1495 · Medical Insurance Payable 287.17
Total 2-1400 · Payroll Tax Liabilities 7,917.40
Total Other Current Liabilities 18,026.46
Total Liabilities 22,854.31
Net Assets
3-8001 · *Retained Earnings 26,838.65
Net Income 238,115.84
Total Net Assets 264,954.49
TOTAL LIABILITIES & NET ASSETS 287,808.80