Annual Report

 

STATEMENTS OF FINANCIAL POSITION
June 30, 2008 & 2009
20092008
Current Assets:
Cash and equivalents332,820363,600
Certificate of deposit119,585230,857
Accounts receivable
Total Current Assets452,405594,457
Property and equipment, net of depreciation1,860,1611,734,870
Investments3,468,8664,372,558
Total Assets5,781,4326,701,885
Current Liabilities:
Accounts payable$82,3040
Line of credit150,000150,000
Total current liabilities232,304150,000
Net Assets
Unrestricted1,742,2791,712,104
Temporarily Restricted3,806,8494,839,781
Total net assets5,549,1286,551,885
Total liabilities & net assets5,781,4326,701,885