in these hands - Boys and Girls Clubs of Boston

page 72 b o y s & g i r l s c l u b s o f b o s t o n 2 0 0 8 a n n u a l r e p o r t
STATEMENTS OF FINANCIAL POSITION
June 30, 2008 and 2007
Assets
2008 2007
cash and cash equivalents $ 2,437,754 $ 1,034,993
short-term investments, at market value 1,663,545 2,690,157
reimbursable program grant expenditures 492,347 292,530
prepaid expenses and other assets 173,472 118,849
pledges receivable 25,307,087 23,958,063
long-term investments, at market value 21,267,110 17,117,230
land, buildings and equipment, at cost, net of depreciation 31,192,365 30,024,143
Liabilities and Net Assets
total assets $ 82,533,680 $ 75,235,965
line of credit $ 2,400,000 $ 3,957,725
accounts payable - construction – 810,650
accounts payable - trade 468,605 314,734
accrued expenses 1,297,619 955,916
Deferred revenue 153,086 129,687
net assets
total liabilities 4,319,310 6,168,712
unrestricted:
board designated 1,154,338 1,154,338
plant fund 30,697,665 29,654,400
operating 4,469,851 2,423,822
36,321,854 33,232,560
temporarily restricted 13,268,010 17,871,712
permanently restricted 28,624,506 17,962,981
total net assets 78,214,370 69,067,253
total liabilities and net assets $ 82,533,680 $ 75,235,965