STATEMENT OF NET ASSETS & LIABILITIES
|
Assets
|
2020
|
| Cash & Investments – Prop C |
10,673,412 |
| Cash & Investments – Prop P |
10,485,946 |
| Cash & Investments – CAR |
17,236,770 |
| Restricted cash – Prop C |
6,294,929 |
| Restricted cash – CAR |
2,001,428 |
| Sales tax receivable – Prop C |
1,642,131 |
| Sales tax receivable – Prop P |
1,385,150 |
| Sales tax receivable – CAR |
1,385,150 |
| Grant receivables |
11,847 |
| Other receivables |
13,006 |
| Interest Receivables |
43,791 |
| Prepaid expenses |
120,020 |
| Land |
27,306,893 |
| Land Improvements |
92,690,660 |
| Buildings |
260,118 |
| Construction in Process |
37,631,161 |
| Furniture, Fixtures & Equipment |
1,505,916 |
| Accumulated depreciation |
(60,701,560) |
| Total Assets |
149,986,768 |
|
Liabilities
|
2020
|
| Accounts payable |
1,780,162 |
| Accrued Interest – Prop C |
20,242 |
| Accrued Interest – CAR |
6,135 |
| Accrued liabilities |
201,496 |
| Bonds payable – Prop C |
10,455,000 |
| Bonds payable – CAR |
59,730,000 |
| Unearned revenue – Bond OIP, net – CAR |
1,245,236 |
| Total Liabilities |
73,438,271 |
|
Net Assets
|
2020
|
| Unrestricted |
23,486,183 |
| Restricted |
19,504,431 |
| Board Designated |
6,294,929 |
| Investment in property and equipment, net of related debt |
27,262,954 |
| Total Net Assets |
76,548,497 |
|
Total Liabilities and Net Assets
|
149,986,768
|
|
|
|
STATEMENT OF REVENUES & ADMINISTRATIVE EXPENSES
|
Revenues
|
2020
|
| Sales tax revenue – Prop C |
10,831,672 |
| Sales tax revenue – Prop P |
9,430,813 |
| Sales tax revenue – CAR |
9,430,813 |
| Federal government grants |
697,359 |
| Private Contributions |
901,229 |
| Rental income |
1,170,708 |
| Cost sharing revenues |
40,971 |
| Investment income |
141,633 |
| Investment income – CAR |
151,217 |
| Miscellaneous income |
48,091 |
| Totals |
32,844,505 |
|
Administrative Expenses
|
2020
|
| Salaries |
735,315 |
| Benefits |
194,762 |
| Professional Fees |
208,105 |
| Office & Support |
139,489 |
| Space & Occupancy |
100,569 |
| Administrative Capital Purchases |
519,754 |
| Totals |
1,897,995 |
