TEXAS ECONOMIC DEVELOPMENT CORPORATION
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$8,821,031
Investments
81%
Cash & Equivalents
14%
Other Assets
3%
Prepaid Expenses
1%
Property, Plant, & Equipment (net)
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Inventories
0%
Liabilities in 2024 (Year End)
$374,335
Other Liabilities
84%
Payables & Accruals
16%
Grants Payable
0%
Deferred Revenue
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
$3,101,772
$1,251,119
-60%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
-
-
-
Prepaid Expenses
$98,949
$106,547
+8%
Investments
$6,230,207
$7,165,972
+15%
Property, Plant, & Equipment (net)
$23,418
$16,303
-30%
Other Assets
$393,125
$281,090
-28%
Total Assets
$9,847,471
$8,821,031
-10%
Liabilities
2023
2024
Change
Payables & Accruals
$254,050
$59,633
-77%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$429,574
$314,702
-27%
Total Liabilities
$683,624
$374,335
-45%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$9,163,847
$8,446,696
-8%
Net assets
2023
2024
Change
Net assets
+$9,163,847
+$8,446,696
-8%
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