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CABARR US COUNTY TO URISM A UTHORITY
<br />d /b /a CABARR US COUNTY CONVENTIONAND VISITORS B UREA U
<br />STATEMENTS OF FINANCIAL POSITION
<br />June 30, 2011 and 2010
<br />ASSETS
<br />2011
<br />2010
<br />CURRENT ASSETS
<br />Cash and cash equivalents
<br />$
<br />1,620,393
<br />$
<br />1,156,748
<br />Accounts receivable
<br />3,522
<br />3,484
<br />Accounts receivable - County
<br />337,447
<br />290,935
<br />Total Current Assets
<br />1,961,362
<br />1,451,167
<br />PROPERTY AND EQUIPMENT
<br />Computer equipment
<br />54,283
<br />54,283
<br />Vehicles
<br />56,802
<br />39,698
<br />Leasehold improvements
<br />46,658
<br />46,658
<br />Office equipment
<br />9,953
<br />7,748
<br />Construction in process
<br />12,762
<br />-
<br />180,458
<br />148,387
<br />Accumulated depreciation
<br />(96,248)
<br />(78,703)
<br />Total Property and Equipment, net
<br />84,210
<br />69,684
<br />TOTAL ASSETS
<br />$
<br />2,045,572
<br />$
<br />1,520,851
<br />LIABILITIES AND NET ASSETS
<br />CURRENT LIABILITIES
<br />Accounts payable
<br />$
<br />78,475
<br />$
<br />56,625
<br />Accrued salaries
<br />67,916
<br />51,591
<br />Accrued bonuses
<br />28,659
<br />-
<br />Accrued expenses
<br />7,233
<br />5,675
<br />Total Current Liabilities
<br />182,283
<br />113,891
<br />TOTAL LIABILITIES
<br />182,283
<br />113,891
<br />NET ASSETS
<br />Unrestricted
<br />1,156,399
<br />1,057,919
<br />Temporarily restricted
<br />706,890
<br />349,041
<br />TOTAL NET ASSETS
<br />1,863,289
<br />1,406,960
<br />TOTAL LIABILITIES AND NET ASSETS
<br />$
<br />2,045,572
<br />$
<br />1,520,851
<br />The Accompanying Notes Are An Integral Part Of This Statement.
<br />3
<br />Attachment number 2
<br />1 -5 Page 368
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