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Agenda Packet
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01-27-2025
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Agenda Packet
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Love Civic Center <br />Statement of Assets, Liabilities and Net Assets <br />Modified Cash Basis <br />October 31, 2024 <br />ASSETS <br />Love Civic Center <br />$ 278,381.06 <br />Reserved for Construction <br />136,825.71 <br />Signage <br />62,725.00 <br />Credit Union of Texas CD 1001 <br />136,140.84 <br />Red River Credit CD 332 <br />108,681.99 <br />Liberty CD 59873 <br />33,933.92 <br />Liberty CD 6238 <br />52,538.27 <br />FF Money Market 37109 <br />99,430.43 <br />Farmers CD 0085 <br />150,840.71 <br />Farmers CD 0144 <br />52,215-73 <br />Total Current Assets 1,111,713.66 <br />Other Assets <br />Returned Checks Receivable 2,500.00 <br />Due From VCC 2,993.81 <br />Total Other Assets 5,493.81 <br />Total Assets $ 1,117,207.47 <br />LIABILITIES AND NET ASSETS <br />Current Liabilities <br />Due to COC $ 688.59 <br />Payroll Liabilities 1,520.67 <br />Total Current Liabilities 2,209.26 <br />NET ASSETS <br />Retained Earnings 1,158,209.51 <br />Net Income (Loss) __43,211.30; <br />Total Net Assets 1,114,998.21 <br />Total Liabilities and Net Assets $ 1,117,207.47 <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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