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HORIZONS CENTER FOR INDEPENDENT LIVING, INC. Statement of Financial Position June 30, 2015

HORIZONS CENTER FOR INDEPENDENT LIVING, INC. Statement of Financial Position

June 30, 2015

 

ASSETS

 

Current Assets

Petty Cash                                $       200.00

Wesbanco-Regular                      242,760.00

Wesbanco Payroll                               532.00

Debit Card                                          685.00

Savings                                           7,844.00

Wesbanco CD #0517                  197,789.00

Wesbanco CD #1397                  102,164.00

Accounts Receivable                     29,420.00

 

Total Current Assets                                      $ 581,394.00

 

Property and Equipment

Machinery and Equipment         $ 40,314.00

Allowance for Depreciation          (16,022.00)

Total Property and Equipment-Net                    24,292.00

 

Restricted Assets

Our Community Foundation       $305,845.00

Resident Trust Account                   5,021.00

Total Restricted Assets                                   310,866.00

 

Total Assets                                                  $916,552.00

 

LIABILITIES AND NET ASSETS

 

Current Liabilities

Accounts Payable                     $       488.00

Accrued Wages Payable                 7,683.00

Accrued Severence Tax                     863.00

Payroll Taxes Payable                        728.00

Resident Trust Accounts                  5,021.00

Total Current Liabilities                                  $ 14,783.00

 

Total Liabilities                                                  14,783.00

 

Net Assets

Unrestricted Net Assets             $305,845.00

Temporarily Restricted Net Assets 595,924.00

Total Net Assets                                             901,769.00

 

Total Liabilities & Net Assets                          $916,552.00

 

The Accompanying Notes Are an Integral Total

Financial Statements

 

 

Jan 4