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Tulakogee Conference Center |
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STATEMENT OF FINANCIAL POSITION |
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For the Period Ended December 31, 2006 |
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ASSETS |
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Cash and cash equivalents ………………………………………..……………………….. |
$ 4,455 |
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Fixed Assets …………………………………………………………………… |
2,971,472 |
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Less: Accumulated depreciation ……………………………………………………………….. |
(22,521) |
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Total Assets ………………………………………………………………………… |
$ 2,953,406 |
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LIABILITIES AND NET ASSETS |
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Notes Payable …………………………………………………...……………………… |
$ 30,000 |
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Restricted pledges ……………………………………………...……………………………………. |
0 |
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Total Liabilities ……………………………………………….………………………………. |
30,000 |
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NET ASSETS |
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Restricted Fixed Assets (Net Debt)……………………………………………………………… |
2,918,951 |
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Unrestricted ………….………………………………………..……………………… |
4,455 |
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Temporarily restricted ………………………………………..……………………………………. |
0 |
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Permanently restricted ………………………………………………………………. |
0 |
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Total Net Assets ……………………………..…………..…………………………… |
2,923,406 |
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Total Liabilities and Net Assets …………………………………………………….… |
$ 2,953,406 |
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