Laserfiche WebLink
CABARRUS COUNTY TOURISMAUTHORITY <br />d/b /a CABARRUS COUNTY CONVENTION A ND VISITORS BUREAU <br />NOTES TO FINANCIAL STATEMENTS <br />June 30, 2015 and 2014 <br />NOTE 8 - LEASES <br />The Organization leases its office space, computers, servers, and a copier under operating <br />leases. Lease expense for the years ended June 30, 2015 and 2014 was $173,563 and <br />$166,336, respectively <br />Future minimum lease payments under the operating leases for office space and equipment <br />as of June 30, 2015 are as follows: <br />Years ending June 30, <br />2016 $ 158,644 <br />2017 49,811 <br />2018 25,878 <br />2019 1,490 <br />2020 - <br />Thereafter - <br />$ 235,823 <br />NOTE 9 - TEMPORARILY RESTRICTED ASSETS <br />Temporarily restricted net assets of the Organization consist of monies designated for the <br />Sports Development program in the amount of $176,890 at June 30, 2015 and 2014. <br />15 Attachment number 1 \n <br />1 -1 Page 117 <br />