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Love Civic Center <br />Statement of Assets, Liabilities and Net Assets <br />Modified Cash Basis <br />May 31, 2018 <br />ASSETS <br />CURRENT ASSETS <br />Love Civic Center <br />Reserved for Construction <br />Due From VCC <br />Liberty National Bank CD <br />Returned Checks Receivable <br />Total Current Assets <br />Total Assets <br />LIABILITIES AND NET ASSETS <br />CURRENT LIABILITIES <br />Due to COC <br />Payroll Liabilities <br />Total Current Liabilities <br />LONG-TERM LIABILITIES <br />GBB Renovation Loan <br />LNB Renovation Loan <br />Total Long -Term Liabilities <br />Total Liabilities <br />NET ASSETS <br />Retained Earnings <br />Net Income <br />Total Net Assets <br />Total Liabilities and Net Assets <br />$ 146,937.31 <br />225,000.00 <br />79,465.36 <br />32,085.32 <br />250.00 <br />483,737.99 <br />$ 483,737.99 <br />$ 156.68 <br />2,060.64 <br />2,217.32 <br />56,111.69 <br />56,330.47 <br />112,442.16 <br />114 659.48 <br />284,897.36 <br />84,181.15 <br />369,078.51 <br />S 483,737.99 <br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance with professional standards issued <br />by the AICPA, substantially all disclosures ordinarily included in financial statements prepared in accordance with the income tax basis of <br />accounting are omitted and no assurance is provided <br />