CitrusPeel_JAN2020_Digital

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FINANCES
Girl Scouts of Citrus Council, Inc.
Statements of Financial Position
Current assets
Cash and cash equivalents $ 1,497,951 $ 1,823,535
Investments 1,945,855 2,104,193 29
Investments limited as to use 703,307 824,841
Receivables, net 34,583 20,339
Inventory 185,635 196,942
Prepaid expenses 92,965 78,741
Total current assets 4,460,296 5,048,591
Property and equipment, net 3,792,397 3,319,562
Other assets 4,290 4,290
September 30, 2019 2018
ASSETS
Current assets
Cash and cash equivalents $ 1,497,951 $ 1,823,535
Investments 1,945,855 2,104,193
Investments limited as to use 703,307 824,841
Receivables, net 34,583 20,339
Inventory 185,635 196,942
Prepaid expenses 92,965 78,741
Total current assets 4,460,296 5,048,591
Property and equipment, net 3,792,397 3,319,562
Other assets 4,290 4,290
Total assets $ 8,256,983 $ 8,372,443
LIABILITIES AND NET ASSETS
Liabilities
Current liabilities
Accounts payable $ 53,184 $ 225,931
Accrued expenses 373,180 368,180
Deferred revenues 607,279 734,973
Current portion of notes payable 237,370 37,632
Current portion of capital lease - 14,008
Total current liabilities 1,271,013 1,380,724
Total assets $ 8,256,983 $ 8,372,443
LIABILITIES AND NET ASSETS
Liabilities
Current liabilities
Accounts payable $ 53,184 $ 225,931
Accrued expenses 373,180 368,180
Deferred revenues 607,279 734,973
Current portion of notes payable 237,370 37,632
Current portion of capital lease - 14,008
Total current liabilities 1,271,013 1,380,724
Long-term liabilities
Notes payable 10,339 247,244
Total long-term liabilities 10,339 247,244
Total liabilities 1,281,352 1,627,968
Net assets
Without donor restrictions
Board designated - reserves 1,917,620 2,075,896
Undesignated 4,071,520 3,531,389
Total net assets without donor restrictions 5,989,140 5,607,285
With donor restrictions 986,491 1,137,190
Total net assets 6,975,631 6,744,475
Total liabilities and net assets $ 8,256,983 $ 8,372,443
Long-term liabilities
Notes payable 10,339 247,244
Total long-term liabilities 10,339 247,244
Total liabilities 1,281,352 1,627,968
Net assets
Without donor restrictions
Board designated - reserves 1,917,620 2,075,896
Undesignated 4,071,520 3,531,389
Total net assets without donor restrictions 5,989,140 5,607,285
See accompanying notes to financial statements.
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