RALEIGH COUNTY BUILDING COMMISSION
STATEMENT OF NET POSITION
June 30, 2019
ASSETS
Current:
Cash and cash equivalents $194,477
Total current assets 194,477
Capital assets:
Nondepreciable:
Land 708,000
Depreciable:
Buildings 977,621
Machinery and equipment 457,628
Less: accumulated depreciation (769,561)
Total capital assets (net of accumulated depreciation) 1,373,688
Total assets $1,568,165
NET POSITION
Invested in capital assets
(net of related debt) 1,373,688
Unrestricted 194,477
Total net position 1,568,165
Total liabilities and net assets $1,568,165
RALEIGH COUNTY BUILDING COMMISSION
STATEMENT OF ACTIVITIES AND CHANGES IN FUND NET POSITION
For the Fiscal Year Ended June 30, 2019
Operating revenues:
Rental and Parking fees $25,940
Total revenues 25,940
Operating Expenses:
Administrative and general 246
Depreciation 48,848
Total operating expenses 49,094
Operating income (loss) (23,154)
Nonoperating revenues (expenses):
Interest revenue 30
Refunds and reimbursements 401
Total nonoperating revenues
(expenses) 431
Change in net assets (22,723)
Net assets at beginning of year 1,590,888
Net assets at end of year $1,568,165
RALEIGH COUNTY BUILDING COMMISSION
STATEMENT OF CASH FLOWS
For the Fiscal Year Ended June 30, 2019
Cash flows from operating activities:
Cash received from customers $26,341
Cash paid for goods and services (246)
Net cash provided (used) by operating activities 26,095
Cash flows from investing activities:
Interest received 30
Net cash provided (used) by investing activities 30
Net increase (decrease) in cash and cash equivalents 26,125
Cash and cash equivalents, July 1, 2018 168,352
Cash and cash equivalents, June 30, 2019 $194,477
Reconciliation of net income to net cash provided by operating activities:
Operating income (loss) $(22,723)
Depreciation expense 48,848
Net cash provided by operations $26,125
RALEIGH COUNTY BUILDING COMMISSION
VENDORS LIST (CASH BASIS)
For the Fiscal Year Ended June 30, 2019
Deborah Bruce – Refund 40
United Bank 206
246
ID: 315657