MIDWEST COLLABORATIVE FOR LIBRARY SERVICES
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$17,160,718
Investments
50%
Cash & Equivalents
28%
Prepaid Expenses
14%
Property, Plant, & Equipment (net)
4%
Receivables (Non-Related)
3%
Other Assets
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$7,355,749
Deferred Revenue
63%
Payables & Accruals
37%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$4,830,793
$4,813,217
0%
Receivables (Non-Related)
$1,528,647
$562,852
-63%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$1,052,159
$2,477,102
+135%
Investments
$8,138,743
$8,602,168
+6%
Property, Plant, & Equipment (net)
$666,548
$676,247
+1%
Other Assets
$26,018
$29,132
+12%
Total Assets
$16,242,908
$17,160,718
+6%
Liabilities
2023
2024
Change
Payables & Accruals
$1,670,110
$2,715,515
+63%
Grants Payable
-
-
-
Deferred Revenue
$4,928,781
$4,640,234
-6%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$6,598,891
$7,355,749
+11%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$9,644,017
$9,804,969
+2%
Net assets
2023
2024
Change
Net assets
+$9,644,017
+$9,804,969
+2%
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