Cherishing Our Children - The Villages

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17 ~ Our Cherished Treasures ~ Currently, the financial snapshot for The Villages’ is strong, reflecting our success in developing and sustaining a diverse funding base to support our programs and services. Expenses for 2007 Program Services Total program services $21,624,757 Statements of Financial Position The Villages of Indiana, Inc. and The Villages of Indiana Foundation, Inc. December 31, 2007 Therapeutic Foster Care and Adoption $12,620,846 Healthy Families $3,536,171 Children’s Village $2,066,189 Family Services Program $1,052,414 Statewide Foster Recruitment/Retention $799,567 Transitional and Independent Living $665,115 Prevent Child Abuse Indiana $577,649 Other $306,806 Therapeutic Foster Care 899 Children’s Village 436
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. 18
Page 1 and 2: ~ Cherishing Our Children ~ 2007 An
Page 3 and 4: The Power of Two The Villages and P
Page 5 and 6: • 797 children in Villages’ Fos
Page 7 and 8: ~ Cherishing Children and Families
Page 9 and 10: “I believe children should have t
Page 11 and 12: Davis Wholesale Supply, Inc. Dealer
Page 13 and 14: Mr. and Mrs. Clayton E. Powers Mr.
Page 15 and 16: Justin Sage, Chair Rhonda Breman, C
Page 17: “The information and resources Pr

Cherishing Our Children - The Villages

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