RUSSELL NESBITT SERVICES, INC
ANNUAL REPORT DEC. 31, 2015
BALANCE SHEET
ASSETS
Current Assets $726,071.00 Long-term investments 2,088,935.00
Net Land, Buildings & Equipment 2,047,439.00
Other Assets –
TOTAL ASSETS 4,862,445.00
LIABILITIES AND FUND BALANCE
Current Liabilities $187,495.00
Long Term Debt –
Negative Equity in Joint Venture 178,230.00
Unrestricted Fund Balance 4,296,048.00
Temporarily Restricted Fund Balance 200,672.00
TOTAL LIABILITIES AND
FUND BALANCE 4,862,445.00
STATEMENT OF REVENUES AND EXPENSES
REVENUES
Public Support $31,404.00
Program Service Fees 4,846,651.00
Grants 141,790.00
Investment Income or Loss 51,941.00
Net gains or losses on investments (8,914.00)
Other Income 5,807.00
TOTAL REVENUE 5,068,679.00
EXPENSES
Program Services 4,201,144.00
Support Services Management 1,086,415.00
TOTAL EXPENSES 5,287,559.00
REVENUES IN EXCESS OF COSTS $ (218,880.00)
STATEMENT OF CHANGES IN FUND BALANCE
Beginning Fund balance 12/31/2014 $4,647,850.00
Revenues in Excess of Cost $(151,130.00)
Ending fund balance 12/31/2015 $4,496,720.00
Russell Nesbitt Services INC. is a nonprofit organization incorporated under the law of the State of West Virginia. Details concerning the contents of this advertisement together with other reports, statements and schedules required to be filed with the West Virginia Health Care Authority are available for public inspection in the Authority’s offices at 100 Dee Drive, Charleston, West Virginia.
Intelligencer, August 4, 2016
235610