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<br /> Hibiscus Children ' s Center, Inc .
<br /> ' STATEMENT OF FINANCIAL POSITION
<br /> June 30 , 2002
<br /> I
<br /> IASSETS
<br /> I All Funds
<br /> Temporarily Combined
<br /> CURRENT ASSETS Unrestricted Restricted 2002
<br /> I Cash and cash equivalents $ 640, 908 $ 135 , 922 S 776, 830
<br /> Investments 729, 742 8 ,000 737 , 742
<br /> Accounts receivable 169, 247 - 169, 247
<br /> Prepaid and other assets 22, 720 - 22, 720
<br /> ITotal current assets 1 , 562, 617 143 , 922 1 , 706, 539
<br /> OTHER ASSETS
<br /> I Deposits 10, 346 10, 346
<br /> Total other assets 10, 346 10, 346
<br /> FURNITURE, FIXTURES AND EQUIPMENT
<br /> I Furniture, fixtures and equipment net of
<br /> accumulated depreciation 973 , 658 - 973 , 658
<br /> ITotal assets $ 2, 546, 621 $ 143 , 922 $ 2 , 690, 543
<br /> I
<br /> LIABILITIES AND NET ASSETS
<br /> ICURRENT LIABILITIES
<br /> Accounts payable $ 26,463 - $ 26,463
<br /> I Accrued payroll and related expenses 65 , 984 65 , 984
<br /> Current obligation of mortgage payable 6, 650 6, 650
<br /> Total current liabilities 99,097 - 99,097
<br /> I OTHER LIABILITIES
<br /> Long term mortgage payable 252 , 814 - 252, 814
<br /> Total liabilities 351 , 911 - 351 , 911
<br /> I NET ASSETS
<br /> Unrestricted
<br /> Undesignated 1 , 340, 717 - 1 , 340, 717
<br /> I Designated 853 , 993 - 853 , 993
<br /> Temporarily restricted - 143 , 922 143 , 922
<br /> Total net assets 2 , 194, 710 143 , 922 2, 338 , 632
<br /> ITotal liabilities and net assets $ 2 , 546 , 621 $ 143 , 922 $ 2 , 690, 543
<br /> I
<br /> The accompanying notes are an integral part of this statement. Page 3
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