FLAGSTAFF ARTS COUNCIL INC
Balance Sheet
Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)
$886,413
Cash & Equivalents
30%
Investments
22%
Prepaid Expenses
20%
Receivables (Non-Related)
19%
Property, Plant, & Equipment (net)
8%
Other Assets
1%
Inventories
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$640,065
Notes Payable / Debt (Non-Related)
52%
Payables & Accruals
40%
Deferred Revenue
5%
Grants Payable
2%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Related-Party Payables
0%
Other Liabilities
0%
Assets
2023
2024
Change
Cash & Equivalents
$377,340
$264,307
-30%
Receivables (Non-Related)
$147,287
$167,065
+13%
Related-Party Receivables
-
-
-
Inventories
$3,699
$5,349
+45%
Prepaid Expenses
$349,905
$173,024
-51%
Investments
$196,177
$192,382
-2%
Property, Plant, & Equipment (net)
$128,558
$74,286
-42%
Other Assets
$10,000
$10,000
+0%
Total Assets
$1,212,966
$886,413
-27%
Liabilities
2023
2024
Change
Payables & Accruals
$173,923
$255,217
+47%
Grants Payable
-
$14,770
-
Deferred Revenue
$50,000
$34,118
-32%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$359,558
$335,960
-7%
Related-Party Payables
-
-
-
Other Liabilities
-
-
-
Total Liabilities
$583,481
$640,065
+10%
Net assets
2023
2024
Change
Restricted Net Assets
$515,366
$356,015
-31%
Unrestricted Net Assets
$114,119
-$109,667
-196%
Net assets
2023
2024
Change
Net assets
+$629,485
+$246,348
-61%
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