HORIZONS CENTER FOR INDEPENDENT LIVING, INC. Statement of Financial Position
June 30, 2016
ASSETS
Current Assets
Petty Cash $ 200
Wesbanco-Regular 120,943
Wesbanco Payroll 336
Debit Card 963
Savings 7,848
Wesbanco CD #0517 198,777
Wesbanco CD #1397 102,675
Accounts Receivable 158,564
Total Current Assets $ 590,306
Property and Equipment
Machinery and Equipment $ 40,894
Allowance for Depreciation (23,205)
Total Property and Equipment-Net 17,689
Restricted Assets
Our Community Foundation $301,892
Resident Trust Account 11,363
Total Restricted Assets 313,255
Total Assets $921,250
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts Payable $ 459
Accrued Wages Payable 8,034
Accrued Severence Tax 1,340
Payroll Taxes Payable 1,362
Resident Trust Accounts 11,363
Total Current Liabilities $ 22,558
Total Liabilities 22,558
Net Assets
Unrestricted Net Assets $301,892
Temporarily Restricted Net Assets 596,800
Total Net Assets 898,692
Total Liabilities & Net Assets $921,250
The Accompanying Notes Are an Integral Total
Financial Statements
Nov 21