Annual Report

 

STATEMENTS OF FINANCIAL POSITION
June 30, 2008 & 2009
2009 2008
Current Assets:
Cash and equivalents 332,820 363,600
Certificate of deposit 119,585 230,857
Accounts receivable
Total Current Assets 452,405 594,457
Property and equipment, net of depreciation 1,860,161 1,734,870
Investments 3,468,866 4,372,558
Total Assets 5,781,432 6,701,885
Current Liabilities:
Accounts payable $82,304 0
Line of credit 150,000 150,000
Total current liabilities 232,304 150,000
Net Assets
Unrestricted 1,742,279 1,712,104
Temporarily Restricted 3,806,849 4,839,781
Total net assets 5,549,128 6,551,885
Total liabilities & net assets 5,781,432 6,701,885