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07 - Boards & Commissions - Reports and Minutes
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07 - Boards & Commissions - Reports and Minutes
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Love Civic Center <br />Statement of Assets, Liabilities and Net Assets <br />Modified Cash Basis <br />May 31, 2021 <br />ASSETS <br />Love Civic Center <br />$ 136,260.36 <br />Reserved for Construction <br />161,500.00 <br />Red River Credit CD <br />100,000.00 <br />Liberty CD 59873 <br />32,666.90 <br />FF Money Market 37109 <br />111,103.92 <br />Farmers Bank CD <br />_ 140,000.00 <br />Total Current Assets 681 531.18 <br />Due From VCC <br />121,502.27 <br />Total Other Assets <br />121,502.27 <br />Total Assets <br />$ 803 033.46 <br />LIABILITIES AND NET ASSETS <br />Current Liabilities <br />Due to COC $ 106.04 <br />Payroll Liabilities 1,056.05 <br />Total Current Liabilities 1,162.09 <br />NET ASSETS <br />Retained Earnings 646,863.23 <br />Net Income 155,008.13 <br />Total Net Assets___801 871.36 <br />Total Liabilities and Net Assets $ 803,033.45 <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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