Accounting Tutorial › With Two General Funds
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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 | |||