Laserfiche WebLink
Love Civic Center <br />Statement of Assets, Liabilities and Net Assets <br />Modified Cash Basis <br />February 28, 2019 <br />ASSETS <br />CURRENT ASSETS <br />Love Civic Center <br />$ 178,467.66 <br />Reserved for Construction <br />325,000.00 <br />Returned Checks Receivable <br />250.00 <br />Liberty National Bank CD <br />32,164.49 <br />Due From VCG <br />_ _ 73,709.05 <br />Total Current Assets <br />809.591.20 <br />Total Assets <br />$ 609„591.20 <br />LIABILITIES AND NET ASSETS <br />CURRENT LIABILITIES <br />Due to COC <br />$ 74.00 <br />Due to VCC <br />62.80 <br />Payroll Liabilities <br />1,060.64 <br />GBB Renovation Loan <br />44,092.21 <br />LNB Renovation Loan <br />44,307.04 <br />Total Current Liabilities 89596.69 <br />NET ASSETS <br />Retained Earnings 417,525.43 <br />Net Income 102,469.08 <br />Total Net Assets 519,994.51 <br />Total Liabilities and Net Assets $ 609691.20 <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 />