LORAIN COUNTY OFFICE ON AGING
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,305,763
Cash & Equivalents
48%
Property, Plant, & Equipment (net)
30%
Receivables (Non-Related)
22%
Related-Party Receivables
0%
Inventories
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$519,507
Deferred Revenue
98%
Payables & Accruals
2%
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
$535,786
$622,778
+16%
Receivables (Non-Related)
$316,244
$286,664
-9%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$19,107
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$294,053
$396,321
+35%
Other Assets
-
-
-
Total Assets
$1,165,190
$1,305,763
+12%
Liabilities
2023
2024
Change
Payables & Accruals
$27,724
$10,511
-62%
Grants Payable
-
-
-
Deferred Revenue
$326,930
$508,996
+56%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$354,654
$519,507
+46%
Net assets
2023
2024
Change
Restricted Net Assets
$6,357
$6,357
+0%
Unrestricted Net Assets
$804,179
$779,899
-3%
Net assets
2023
2024
Change
Net assets
+$810,536
+$786,256
-3%
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