NORTHERN KENTUCKY AREA DEVELOPMENT DISTRICT
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$14,939,798
Cash & Equivalents
39%
Receivables (Non-Related)
29%
Other Assets
17%
Property, Plant, & Equipment (net)
14%
Prepaid Expenses
<1%
Related-Party Receivables
0%
Inventories
0%
Investments
0%
Liabilities in 2024 (Year End)
$19,229,123
Other Liabilities
61%
Deferred Revenue
21%
Payables & Accruals
12%
Notes Payable / Debt (Non-Related)
6%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$3,766,034
$5,887,218
+56%
Receivables (Non-Related)
$3,648,435
$4,317,722
+18%
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$147,121
$144,608
-2%
Investments
-
-
-
Property, Plant, & Equipment (net)
$2,106,408
$2,063,928
-2%
Other Assets
$3,060,153
$2,526,322
-17%
Total Assets
$12,728,151
$14,939,798
+17%
Liabilities
2023
2024
Change
Payables & Accruals
$1,504,791
$2,339,997
+56%
Grants Payable
-
-
-
Deferred Revenue
$2,252,033
$3,953,722
+76%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$1,353,025
$1,218,025
-10%
Related-Party Payables
-
-
-
Other Liabilities
$13,281,103
$11,717,379
-12%
Total Liabilities
$18,390,952
$19,229,123
+5%
Net assets
2023
2024
Change
Restricted Net Assets
$1,218,268
$1,150,916
-6%
Unrestricted Net Assets
-$6,881,069
-$5,440,241
+21%
Net assets
2023
2024
Change
Net assets
-$5,662,801
-$4,289,325
+24%
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