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06 - Boards & Commissions - Minutes & Reports
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06 - Boards & Commissions - Minutes & Reports
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Love Civic Center <br />Statement of Assets, Liabilities and Net Assets <br />Modified Cash Basis <br />December 31, 2020 <br />ASSETS <br />CURRENT ASSETS <br />Love Civic Center <br />$ 220,494.08 <br />Reserved for Construction <br />161,500.00 <br />Returned Checks Receivable <br />360.00 <br />Liberty CD 59873 <br />32,666.90 <br />FF Money Market 37109 <br />251,103.92 <br />Due From VCC <br />7,339.95 <br />Due from Others <br />32.82 <br />Total Current Assets <br />673.6497.66 <br />Total Assets <br />$ 673 497.65 <br />LIABILITIES AND NET ASSETS <br />CURRENT LIABILITIES <br />Due to COC <br />$ 106.04 <br />Due to VCC <br />194.51 <br />Payroll Liabilities <br />1,627.60 <br />Total Current Liabilities <br />1,928.15 <br />NET ASSETS <br />Retained Earnings <br />646,883.23 <br />Net Income <br />24,706.27 <br />Total Net Assets <br />671,669.50 <br />Total Liabilities and Net Assets <br />$ 673,487.65. <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 modified cash basis of <br />accounting are omitted and no assurance is provided <br />
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