2010 Audit Financials

THE CHILDREN'S AID SOCIETY IN CLEARFIELD COUNTYSTATEMENTS OF FINANCIAL POSITIONDecember 31, 2010 and 2009 2010 2009ASSETS Cash $ 104,689 98,103 Accounts receivable 126,634 121,633 Grants receivable 7,441 9,369 Assets designated for endowment Cash 4,193 3,763 Long-term investments 551,140 502,420 Investment restricted for endowment 5,731 4,769 Property and equipment 414,285 431,199TOTAL ASSETS $ 1,214,113 1,171,256LIABILITIES Line of credit $ 30,000 - Accounts payable – vendors 2,004 5,786 Accrued payroll and taxes 12,215 22 Refundable advances 11,165 1,500TOTAL LIABILITIES 55,384 7,308NET ASSETSUnrestricted Designated by the Board for: Endowment purposes 545,471 496,380 Post-secondary education 8,362 8,303 Total Designated 553,833 504,683 Available for general activities 594,447 649,798 Total Unrestricted 1,148,280 1,154,481Temporarily restricted 4 ...