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06 - Boards & Commissions - Reports & Minutes
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06 - Boards & Commissions - Reports & Minutes
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Paris Visitor & Convention Council <br />Statement of Assets, Liabilities and Net Assets <br />Modified Cash Basis <br />May 31, 2019 <br />ASSETS <br />CURRENT ASSETS <br />HOT Checking <br />$ 172,461.30 <br />Not HOT Checking <br />94,073.69 <br />Liberty Money Market <br />100,000.00 <br />Peoples CD <br />50,000.00 <br />Guaranty Bank CD (2) <br />100,000.00 <br />Not HOT Guaranty Bond Bank CD27,503.24 <br />...... <br />Total Current Assets 544,038.23 <br />OTHER ASSETS <br />Returned Checks Receivable 35.00 <br />Total Other Assets 35.00 <br />Total Assets $ S4407323 <br />LIABILITIES AND NET ASSETS <br />CURRENT LIABILITIES <br />Due to COC <br />$ 2,200.00 <br />Due to LCC <br />73,900.51 <br />Payroll Liabilities <br />684.66 <br />Sales Tax Payable <br />177.69 <br />Total Current Liablilties 76,982.86 <br />NET ASSETS <br />Retained Earnings 444,995.62 <br />Net Income 22,114.75 <br />Total Net Assets 467,110.37 <br />Total Liabilities and Net Assets $ 6" 073.23 <br />Financial statement preparation service -provided by Memory, 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 />
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