STRAFFORD ECONOMIC DEVELOPMENT CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$18,165,028
Receivables (Non-Related)
83%
Cash & Equivalents
17%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$5,611,889
Notes Payable / Debt (Non-Related)
99%
Payables & Accruals
1%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,215,374
$3,004,979
-7%
Receivables (Non-Related)
$14,325,611
$15,146,192
+6%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$9,373
$9,506
+1%
Investments
-
-
-
Property, Plant, & Equipment (net)
$5,741
$4,351
-24%
Other Assets
-
-
-
Total Assets
$17,556,099
$18,165,028
+3%
Liabilities
2023
2024
Change
Payables & Accruals
$53,665
$56,607
+5%
Grants Payable
-
-
-
Deferred Revenue
$2,087
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$5,112,085
$5,555,282
+9%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$5,167,837
$5,611,889
+9%
Net assets
2023
2024
Change
Restricted Net Assets
$1,612,116
$1,136,459
-30%
Unrestricted Net Assets
$10,776,146
$11,416,680
+6%
Net assets
2023
2024
Change
Net assets
+$12,388,262
+$12,553,139
+1%
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