Laserfiche WebLink
Lamar County Human Resources Council, Inc. <br />Notes to Financial Statements <br />For the Year Ended September 30, 2008 <br />J. EQUIPMENT (Continued) <br />Balance <br />Balance <br />09-30-07 <br />Additions <br />Retirements <br />09-30-08 <br />Assets of LCHRC: <br />Equipment <br />60,974 <br />2,500 <br /> <br />63,474 <br />Vehicles <br />107.870 <br />17,476 <br />(8,735 <br />116,611 <br />Total Assets of LCHRC <br />168,844 <br />19,976 <br />(8,735) <br />180,085 <br />Less: Accum. Depr. <br />Of Organization <br />(744,256 <br />(84•g01) <br />5.926 <br />823 131 <br />Total <br />1 2 7 5 <br />40 8 <br />2 0 <br />1 2 5 8 <br />K. FUNCTIONAL EXPENSES <br />LCHRC allocates its expenses on a functional basis among its various programs and <br />support services. Expenses that can be identified with a specific program or support <br />service are allocated directly according to their natural expenditure classification. Other <br />expenses that are common to several functions are allocated based on management's <br />estimates. <br />LCHRC's principal programs comprise: <br />* Programs - The organization's programs provide food and meal related services, <br />including congregate and homebound meals to eligible program participants. Contracts <br />and grants included in nutrition programs are Care Coordination, Title III C1, Title III <br />C2, and Title XX Home Delivered Meals. Transportation services are provided to <br />eligible participants under a Title III B Transportation. Other programs consist of <br />Federal Emergency Financial Assistance. <br />*Housing - LCHRC owns Park Gardens North apartment complex that receives <br />supplemental rental income for low-income families from the Department of Housing <br />and Urban Development under Section 8. <br />Support programs include the following: <br />*Management and General - Management and general expenses are items that are <br />funded primarily by money raised by LCHRC through donations, fees, and fund raising <br />activities. Funds expended are for general operating expenditures not allocable to a <br />specific program. <br />10 <br />M ~(1~142 <br />