Ohio

Public Notice

LEGAL ADVERTISEMENT
The St. John’s/St. Vincent’s Home for Children, Inc., a private, non-profit organization, 501(c)(3), owned by the Roman Catholic Diocese of Wheeling-Charleston, pursuant to WV Code 16-5F-1, et. seq. and WV C.S.R. 65-13-3, hereby submits a financial disclosure requirement for the FY ending 6/30/15. All information is available for public inspection and copying at the Health Care Cost Review Authority, 100 Dee Drive, Charleston, WV 25311.

STATEMENTS OF FINANCIAL POSITION

ASSETS:
Cash & Cash Equivalents
Unrestricted cash $375,211 Restricted cash $10,072
Total cash and cash equivalents $385,283 Accounts Receivables (net) $88,212
Other Receivables $18,222 Prepaid Expenses and other assets $3,336 Investments at Fair Market Value $4,988 Property & Equipment, net $1,537,480

Total Current Assets $2,068,521

LIABILITIES:

Current Liabilities:
Accounts payable $12,044
Accrued expenses $10,885
Note Payable $70,080
Total current liabilities $93,009
Net assets:
Unrestricted:
Undesignated $1,858,393
Board Designated $107,047

Total Unrestricted $1,965.440
Temporarily restricted $10,072
Total net assets $1,975,512

Total liabilities and net assets $2,068,251

STATEMENT OF ACTIVITIES

SUPPORT:
Government revenue and support $840,798
Diocese of Wheeling-Charleston $174,000
Rental Revenue $19,200
Contributions $90,978
Grants $7,845
Special Event Revenue $2,876 Less Cost (direct benefit to donor) $(1,119) Net Special Event Revenue $1,757

Interest Revenue $7,438
Royalty Revenue $1,156
Investment Return $168
Miscellaneous $9,575
Net Assets released from restrictions Restrictions satisfied by payments $0 TOTAL SUPPORT AND REVENUE $1,152,915

FUNCTIONAL EXPENSES:
Program Services $879,158
Management and general expenses $167,080
Fundraising $13,128

TOTAL FUNCTIONAL EXPENSES $1,059,366

INCREASE IN NET ASSETS $93,549

NET ASSETS, BEGINNING OF YEAR $1,881,963

NET ASSETS, END OF YEAR $1,975,512

STATEMENT OF CASH FLOWS

Cash Flows from Operating Activities:
Increase in net assets $93,549
Adjustments to reconcile increase in
net assets to net cash provided
by operating activities
Depreciation $76,486
Loss on Disposal of property & equipment $0
Unrealized loss on investment $85
Transfers from CD to cash equivalents $209,470
Bad Debt Expense $6,850
(Increase) decrease in operating assets: Accounts receivable $34,762
Unconditional promises to give $500 Other receivables (9,516)
Prepaids $(14,288)
Accrued interest and dividends $31
Increase (decrease) in operating
liabilities:
Accounts payable $(21,612)
Accrued expenses $(23,372)

Net cash provided by operating activities $352,945

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment $(14,597)

Net cash used by investing activities $(14,597)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment on long-term debt $(118,446)

Net cash provided (used) by financing
activities $(118,446)

Increase (decrease) in cash and
and cash equivalents $(219,902)
CASH & CASH EQUIVALENTS,
BEGINNING OF YEAR $165,381

CASH & RESTRICTED CASH
END OF YEAR $385,283

SUPPLEMENTAL DISCLOSURES

Cash payments for:
interest $6,842
Int. Dec. 2, 2015

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