Great Rivers Greenway 2020 Financial Statement

Posted on Monday July 15, 2024

STATEMENT OF NET ASSETS & LIABILITIES
Assets2020
Cash & Investments – Prop C10,673,412
Cash & Investments – Prop P10,485,946
Cash & Investments – CAR17,236,770
Restricted cash – Prop C6,294,929
Restricted cash – CAR2,001,428
Sales tax receivable – Prop C1,642,131
Sales tax receivable – Prop P1,385,150
Sales tax receivable – CAR1,385,150
Grant receivables11,847
Other receivables13,006
Interest Receivables43,791
Prepaid expenses120,020
Land27,306,893
Land Improvements92,690,660
Buildings260,118
Construction in Process37,631,161
Furniture, Fixtures & Equipment1,505,916
Accumulated depreciation(60,701,560)
Total Assets149,986,768
Liabilities2020
Accounts payable1,780,162
Accrued Interest – Prop C20,242
Accrued Interest – CAR6,135
Accrued liabilities201,496
Bonds payable – Prop C10,455,000
Bonds payable – CAR59,730,000
Unearned revenue – Bond OIP, net – CAR1,245,236
Total Liabilities73,438,271
Net Assets2020
Unrestricted23,486,183
Restricted19,504,431
Board Designated6,294,929
Investment in property and equipment, net of related debt27,262,954
Total Net Assets76,548,497
Total Liabilities and Net Assets149,986,768
STATEMENT OF REVENUES  & ADMINISTRATIVE EXPENSES
Revenues2020
Sales tax revenue – Prop C10,831,672
Sales tax revenue – Prop P9,430,813
Sales tax revenue – CAR9,430,813
Federal government grants697,359
Private Contributions901,229
Rental income1,170,708
Cost sharing revenues40,971
Investment income141,633
Investment income – CAR151,217
Miscellaneous income48,091
Totals32,844,505
Administrative Expenses2020
Salaries735,315
Benefits194,762
Professional Fees208,105
Office & Support139,489
Space & Occupancy100,569
Administrative Capital Purchases519,754
Totals1,897,995

93¢ of every dollar spent in 2020 went back to the community to build, promote and sustain your network of greenways.