THE WESTPORT LIBRARY ASSOCIATION
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$29,363,625
Property, Plant, & Equipment (net)
56%
Investments
25%
Cash & Equivalents
7%
Other Assets
6%
Receivables (Non-Related)
5%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$1,163,850
Other Liabilities
57%
Payables & Accruals
33%
Deferred Revenue
9%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$1,431,575
$2,198,236
+54%
Receivables (Non-Related)
$1,228,973
$1,372,871
+12%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$34,278
$24,868
-27%
Investments
$6,326,405
$7,428,014
+17%
Property, Plant, & Equipment (net)
$17,428,553
$16,536,274
-5%
Other Assets
-
$1,803,362
-
Total Assets
$26,449,784
$29,363,625
+11%
Liabilities
2023
2024
Change
Payables & Accruals
$637,215
$389,607
-39%
Grants Payable
-
-
-
Deferred Revenue
$445,023
$109,650
-75%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$26,506
-
-
Related-Party Payables
-
-
-
Other Liabilities
$267,755
$664,593
+148%
Total Liabilities
$1,376,499
$1,163,850
-15%
Net assets
2023
2024
Change
Restricted Net Assets
$3,417,115
$5,249,564
+54%
Unrestricted Net Assets
$21,656,170
$22,950,211
+6%
Net assets
2023
2024
Change
Net assets
+$25,073,285
+$28,199,775
+12%
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