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CABARR US COUNTY TO URISM A UTHORITY
<br />d/b /a CABARRUS COUNTY CONVENTIONAND VISITORS BUREAU
<br />STATEMENTS OF FINANCIAL POSITION
<br />Jitne 30, 2015 and 2014
<br />ASSETS
<br />2015
<br />2014
<br />CURRENT ASSETS
<br />Cash and cash equivalents
<br />$ 2,315,357
<br />$
<br />1,571,216
<br />Accounts receivable
<br />1,350
<br />1,350
<br />Accounts receivable - County
<br />413,778
<br />373,496
<br />Total Current Assets
<br />2,730,485
<br />1,946,062
<br />PROPERTY AND EQUIPMENT
<br />Computer equipment
<br />71,256
<br />71,256
<br />Vehicles
<br />118,407
<br />118,407
<br />Leasehold improvements
<br />199,551
<br />189,431
<br />Office equipment
<br />75,345
<br />72,898
<br />Other fixed assets
<br />7,935
<br />7,935
<br />472,494
<br />459,927
<br />Accumulated depreciation
<br />(218,695)
<br />(161,014)
<br />Total Property and Equipment, net
<br />253,799
<br />298,913
<br />TOTAL ASSETS
<br />$ 2,984,284
<br />$
<br />2,244,975
<br />LIABILITIES AND NET ASSETS
<br />CURRENT LIABILITIES
<br />Accounts payable
<br />$ 54,338
<br />$
<br />45,511
<br />Accrued salaries
<br />103,542
<br />94,078
<br />Accrued expenses
<br />12,247
<br />11,796
<br />Total Current Liabilities
<br />170,127
<br />151,385
<br />TOTAL LIABILITIES
<br />170,127
<br />151,385
<br />NET ASSETS
<br />Unrestricted
<br />2,637,267
<br />1,916,700
<br />Temporarily restricted
<br />176,890
<br />176,890
<br />TOTAL NET ASSETS
<br />2,814,157
<br />2,093,590
<br />TOTAL LIABILITIES AND NET ASSETS
<br />$ 2,984,284
<br />$
<br />2,244,975
<br />The Accompanying Notes Are An Integra! Part Of This Statement.
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<br />Attachment number 1 \n
<br />1 -1 Page 106
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