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<br /> Hibiscus Children ' s Center, Inc .
<br /> ISCHEDULE OF COMBINING STATEMENT OF FINANCIAL POSITION
<br /> June 30 , 2002
<br /> IASSETS
<br /> Hibiscus
<br /> I Hibiscus Children ' s Children ' s
<br /> Center, Inc . Foundation , Inc. Total
<br /> CURRENT ASSETS
<br /> I Cash and cash equivalents S 360, 584 S 416, 246 S 776, 830
<br /> Investments 97, 291 640,451 737 , 742
<br /> Accounts receivable 168 , 706 541 169 , 247
<br /> Prepaid expenses 22,470 250 22 , 720
<br /> Due from foundation 64, 255 64, 255
<br /> Total current assets 713 , 306 1 , 057 , 488 1 , 770, 794
<br /> I OTHER ASSETS -
<br /> Deposits 10, 346 10, 346
<br /> Total other assets 10, 346 - 10, 346
<br /> IFURNITURE, FIXTURES AND EQUIPMENT
<br /> Furniture, fixtures and equipment net of
<br /> Iaccumulated depreciation 973 , 658 - 973 , 658
<br /> Total assets S 1 , 697,310 $ 1 , 057 ,488 S 21754, 798
<br /> I
<br /> LIABILITIES AND NET ASSETS
<br /> ICURRENT LIABILITIES
<br /> Accounts payable S 26, 260 S 203 S 26,463
<br /> Accrued payroll and related expenses 65 , 984 - 65 , 984
<br /> Due to operating - 64, 255 64, 255
<br /> Current obligation of mortgage payable 6, 650 61650
<br /> Total current liabilities 98 , 894 64, 458 163 , 352
<br /> I OTHER LIABILITIES
<br /> Long term mortgage payable 252,814 - 252, 814
<br /> Total liabilities 351 , 708 64,458 416 , 166
<br /> INET ASSETS
<br /> Unrestricted
<br /> Undesignated 1 , 140, 209 200, 508 1 , 340, 717
<br /> Designated for endowment 81 , 641 772, 352 853 , 993
<br /> Temporarily restricted 123, 752 200170 143 , 922
<br /> ITotal net assets 1 , 345 , 602 993 , 030 21338 , 632
<br /> Total liabilities and net assets S 1 , 697 , 310 S 1 , 057 ,488 S 2 , 754, 798
<br /> The accompanying notes are an integral part of this statement. Page 13
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