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Accounting Tutorial › With Two General Funds

SpringTime
Statement of Financial Position
As At December 31, 2000

  Operating Fund   Capital Fund   Total
  2000 1999   2000 1999   2000 1999
Current assets                
   Cash $850 $350   $90 $150   $940 $500
   Accounts receivable 300 -   - -   300 -
   Contributions receivable - 100   - -   - 100
   Due from operating fund - -   100 -   100 -
   Inventory 200 300   - -   200 300
   Prepaid expenses 100 -   - -   100 -
  1,450 750   190 150   1,640 900
                 
Bond (note 3) 10,190 -   - -   10,190 -
Capital assets (note 4) - -   1,290 1,200   1,290 1,200
  $11,640 $750   $1,480 $1,350   $13,120 $2,100
                 
Current liabilities                
   Accounts payable $100 $100   $ - $ -   $100 $100
   Due to capital fund 100 -   - -   100 -
   Bank loan-current (note 5) - -   125 130   125 130
  200 100   125 130   325 230
                 
Bank loan-long term (note 5) - -   400 500   400 500
                 
Deferred capital contributions    (note 6) - -   640 400   640 400
Deferred Spring Fling contributions (note 6) 415 200   - -   415 200
                 
Fund balances                
Endowments 10,325 -   - -   10,325 -
Investment in capital assets - -   125 170   125 170
Internally restricted - -   100 -   100 -
Unrestricted 700 450   90 150   790 600
  11,025 450   315 320   11,340 770
  $11,640 $750   $1,480 $1,350   $13,120 $2,100

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