Lenawee Economic Development CorpPub 78
Pub 78
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$10,186,190
Cash & Equivalents
52%
Other Assets
42%
Receivables (Non-Related)
3%
Investments
3%
Prepaid Expenses
<1%
Property, Plant, & Equipment (net)
<1%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$9,229,940
Other Liabilities
98%
Notes Payable / Debt (Non-Related)
1%
Payables & Accruals
<1%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$7,441,553
$5,268,704
-29%
Receivables (Non-Related)
$471,373
$314,747
-33%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$27,000
$24,150
-11%
Investments
$255,229
$257,546
+1%
Property, Plant, & Equipment (net)
$2,175
$1,024
-53%
Other Assets
-
$4,320,019
-
Total Assets
$8,197,330
$10,186,190
+24%
Liabilities
2023
2024
Change
Payables & Accruals
$33,910
$58,177
+72%
Grants Payable
-
-
-
Deferred Revenue
$6,934,543
$22,500
-100%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$115,811
$110,516
-5%
Related-Party Payables
-
-
-
Other Liabilities
-
$9,038,747
-
Total Liabilities
$7,084,264
$9,229,940
+30%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$1,113,066
$956,250
-14%
Net assets
2023
2024
Change
Net assets
+$1,113,066
+$956,250
-14%
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