30 annualreport2011
financials
2011 2010
ASSETS
Current assets
Cash $ 63,364 $ 152,080
Accounts receivable 452,041 322,530
Prepaid expenses and sundry assets
42,662 23,232
558,067 497,842
Capital - at cost less accumulated amortization 150,184 76,076
$ 708,251 $ 573,918
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities $ 112,028 $ 95,012
Deferred revenues
115,641 90,926
227,669 185,938
Long-term
Deferred capital contributions
101,164 31,724
328,833 217,662
NET ASSETS
Unrestricted net assets 379,418 356,256
$ 708,251 $ 573,918
Unrestricted
2011
Total
2010
Total
BALANCE Beginning of year $ 356,256 $ 356,256 $ 268,790
Excess of revenues over expenses
23,162 23,162 87,466
BALANCE End of year $ 379,418 $ 379,418 $ 356,256
