Annual Report 2011-2012 Season - Cincinnati Ballet

ASSETS 2012 2011Cash and cash equivalents $ 971,292 $ 654,099Accounts receivable, trade 2,810 7,916Grants receivable:ArtsWave 872,633 952,974*Other 171,403 72,269Pledges receivable, net 738,632 450,315Prepaid expense 263,136 175,888Deposits 3,575 3,575Investments 1,454,492 2,235,184Beneficial interests in assets held by others:Children’s Education EndowmentFundFINANCECINCINNATI BALLETSTATEMENT OF FINANCIAL POSITIONJULY 31, 2012With Comparative Totals for 201194,205 99,085Other 54,595 56,294Property, equipment, costumes and sets 9,723,976 9,012,634Accumulated depreciation (7,056,145) (6,794,427)41TOTAL ASSETS $ 7,294,604 $ 6,925,806LIABILITIES 2012 2011Accounts payable $ 120,902 $ 177,421Accrued expense 124,995 106,345Deferred revenue 634,346 764,517TOTAL LIABILITIES $ 880,243 1,048,283NET ASSETSUnrestricted 4,570,751 3,204,600Temporarily restricted 1,749,405 2,573,838Permanently restricted 94,205 99,085TOTAL NET ASSETS 6,414,361 5,877,523TOTAL LIABILITIES & NET ASSETS $ 7,294,604 $ 6,925,806Rodrigo Almarales*The difference between the audit and development report in ArtsWave contribution amounts is related to fiscalyear reporting procedures. ArtsWave’s fiscal year runs September to August while Cincinnati Ballet’s fiscal year runsAugust to July.