ALCONA COUNTY COMMISSION ON AGING
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$15,292,643
Other Assets
62%
Investments
31%
Cash & Equivalents
5%
Property, Plant, & Equipment (net)
1%
Prepaid Expenses
<1%
Receivables (Non-Related)
<1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$4,072,549
Deferred Revenue
76%
Payables & Accruals
24%
Other Liabilities
<1%
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
$2,322,665
$732,300
-68%
Receivables (Non-Related)
$105,019
$16,961
-84%
Related-Party Receivables
-
-
-
Inventories
$6,928
$2,768
-60%
Prepaid Expenses
$27,486
$36,800
+34%
Investments
$4,611,531
$4,771,979
+3%
Property, Plant, & Equipment (net)
$180,981
$178,819
-1%
Other Assets
$816,086
$9,553,016
+1071%
Total Assets
$8,070,696
$15,292,643
+89%
Liabilities
2023
2024
Change
Payables & Accruals
$156,628
$982,633
+527%
Grants Payable
-
-
-
Deferred Revenue
$5,566,983
$3,081,284
-45%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$150,000
-
-
Related-Party Payables
-
-
-
Other Liabilities
$4,149
$8,632
+108%
Total Liabilities
$5,877,760
$4,072,549
-31%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$2,192,936
$11,220,094
+412%
Net assets
2023
2024
Change
Net assets
+$2,192,936
+$11,220,094
+412%
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