Jefferson County Economic Development Annual Report 2017-2018
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<strong>Jefferson</strong> <strong>County</strong> Local <strong>Development</strong> Corporation<br />
<strong>2017</strong>-<strong>2018</strong> Financial Summary<br />
JEFFERSON COUNTY LOCAL DEVELOPMENT CORPORATION<br />
FINANCIAL SUMMARY<br />
FISCAL YEAR ENDED SEPTEMBER 30, <strong>2018</strong> AND <strong>2017</strong><br />
<strong>2018</strong> <strong>2017</strong><br />
Assets:<br />
Cash $ 2,512,584 $ 2,842,454<br />
Loans receivable - net of allowance 1,149,145 1,279,247<br />
Other receivables - 20,000<br />
Prepaids 3,290 2,554<br />
Fixed Assets - net of depreciation 71,437 94,523<br />
Total $ 3,736,456 $ 4,238,778<br />
Liabilities and Net Assets:<br />
Current liabilities $ 80,001 $ 86,814<br />
Total net assets 3,656,455 4,151,964<br />
Total $ 3,736,456 $ 4,238,778<br />
Summary of Transactions:<br />
Support and Revenue:<br />
<strong>Jefferson</strong> <strong>County</strong> Support $ 408,040 $ 406,000<br />
Interest 56,485 69,692<br />
Grant Income 14,229 25,996<br />
Miscellaneous 5,681 882<br />
Total $ 484,435 $ 502,570<br />
Expenses:<br />
Program expenses $ 694,749 $ 711,946<br />
General and administrative 285,195 273,504<br />
Total $ 979,944 $ 985,450<br />
Change in Net Assets $ (495,509) $ (482,880)<br />
Net Assets:<br />
Beginning of Year $ 4,151,964<br />
4,634,844<br />
End of Year $ 3,656,455 $ 4,151,964<br />
<strong>Jefferson</strong> <strong>County</strong> Industrial <strong>Development</strong> Agency | <strong>Jefferson</strong> <strong>County</strong> Local <strong>Development</strong> Corporation | <strong>Jefferson</strong> <strong>County</strong> Civic Facility <strong>Development</strong> Corporation<br />
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