Balance Sheet
As of
Dec 31, 03 Jun 30, 03 $ Change
ASSETS
Current Assets
Checking/Savings
Cash
in Bank 392,988 332,959 60,029
Total
Checking/Savings 392,988 332,959 60,029
Other
Current Assets
1201
·
Accounts Receivable‑PIR 211 96 115
1202
·
Total
Other Current Assets ‑8,995 3,348 ‑12,343
Total
Current Assets 383,993 336,307 47,686
Other
Assets
004009
·
Equipment & Furnishings 560,709 560,709 0
004000
·
Buildings & Improvements 3,053,131 3,053,131 0
004014
·
Land 2,458,880 2,458,880 0
004020
·
Endowment Fund 20,391 20,364 27
Total
Other Assets 6,093,111 6,093,084 27
TOTAL
ASSETS 6,477,104 6,429,391 47,713
LIABILITIES
& EQUITY
Liabilities
Current Liabilities
Other Current Liabilities
101045
· Payroll
Clearing 0 530 ‑530
101046
· Deferred
Payroll 23,293 37,743 ‑14,451
101047
· Continuing
Ed Carryover 1,743 2;375 ‑632
102100
· Workers
Comp accrued 9,016 13,438 ‑4,422
2002
·
Payroll Withholding 2.146 9,267 ‑7,121
001000
· First
Mortgage ‑ AAL 755,651 355,651 400,000
101015
· Church
Restricted Funds 233,634 118,537 115,098
201000
· School
Restricted Funds ‑151,098 95,863 ‑246,962
Total
Other Current Liabilities 874,384 633,404 240,980
Total
Current Liabilities 874,384 633,404 240,980
Total
Liabilities 874,384 633,404 240,980
Equity
3000‑10 · Church Unrestricted
Fund Balanc 46,934 46,934 0
3000‑20
· School
Unrestricted Fund Balanc 0 11,620 ‑11,620
3000‑30
· Equity
in Real Property 5,317,069 5,717,069 ‑400,000
3000‑40
·
Endowment Fund Balance 124,403 20,364 104,039
3900
·
Allocated Net Income 0 20,491 ‑20,491
Net
Income 114,313 ‑20,491 134,804
Total
Equity 5,602,720 5,795,987 ‑193,268
TOTAL
LIABILITIES & EQUITY 6,477,104 6,429,391 47,713
31