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06 - Reports & Minutes - Boards & Commissions
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January 24
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06 - Reports & Minutes - Boards & Commissions
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CITY CLERK
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Love Civic Center <br />Statement of Assets, Liabilities and Net Assets <br />Modified Cash Basis <br />December 31, 2021 <br />ASSETS <br />Love Civic Center <br />$ 148,612.37 <br />Reserved for Construction <br />361,500.00 <br />Red River Credit CD 332 <br />100,353.09 <br />Liberty CD 59873 <br />32,804.01 <br />FF Money Market 37109 <br />111,662.77 <br />Farmers Bank CD <br />140,000.00 <br />Total Current Assets <br />894,932.24 <br />Due from Others 74.00 <br />Due From VCC 7,725.05 <br />Total Other Assets 7,799.05 <br />Total Assets $ 902,731.29 <br />LIABILITIES AND NET ASSETS <br />Current Liabilities <br />Due to COC $ 361.13 <br />Payroll Liabilities 940.54 <br />Total Current Liabilities 1,301.67 <br />NET ASSETS <br />Retained Earnings 853,370.96 <br />Net Income 6 <br />Total Net Assets 901A29.62 <br />Total Liabilities and Net Assets $ 902,731.Z9 <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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