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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 />December 31, 2024 <br />ASSETS <br />Love Civic Center <br />$ 228,492.00 <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 />34,335.55 <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 73m <br />Total Current Assets <br />1,062,226.23 <br />Other Assets <br />Due From VCC 144,908.42 <br />Total Other Assets 144,908.42 <br />Total Assets $ 1,207,134.65 <br />LIABILITIES AND NET ASSETS <br />Current Liabilities <br />Due to COC $ 36,575.48 <br />Payroll Liabilities 1,499.39 <br />Total Current Liabilities 38 074.87 <br />NET ASSETS <br />Retained Earnings 1,158,209.51 <br />Net Income (Loss) 10850°27 <br />Total Net Assets 1,169,059.78 <br />Total Liabilities and Net Assets $ 1,207,134.65 <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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