LUBBOCK ECONOMIC DEVELOPMENT ALLIANCEPub 78
Pub 78
Balance Sheet
Fiscal Year Start:
Oct 1
Assets in 2024 (Year End)
$56,265,447
Cash & Equivalents
50%
Inventories
24%
Property, Plant, & Equipment (net)
20%
Receivables (Non-Related)
6%
Related-Party Receivables
0%
Prepaid Expenses
0%
Investments
0%
Other Assets
0%
Liabilities in 2024 (Year End)
$58,740,868
Grants Payable
52%
Other Liabilities
27%
Tax-Exempt Bond Liabilities
21%
Payables & Accruals
1%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$32,820,923
$27,872,544
-15%
Receivables (Non-Related)
$3,676,335
$3,646,981
-1%
Related-Party Receivables
-
-
-
Inventories
$16,824,378
$13,559,474
-19%
Prepaid Expenses
-
-
-
Investments
-
-
-
Property, Plant, & Equipment (net)
$8,244,946
$11,186,448
+36%
Other Assets
-
-
-
Total Assets
$61,566,582
$56,265,447
-9%
Liabilities
2023
2024
Change
Payables & Accruals
$505,890
$626,118
+24%
Grants Payable
$34,527,800
$30,283,300
-12%
Deferred Revenue
$4,445,067
$0
-100%
Tax-Exempt Bond Liabilities
$12,675,000
$12,240,000
-3%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$16,032,572
$15,591,450
-3%
Total Liabilities
$68,186,329
$58,740,868
-14%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
-$6,619,747
-$2,475,421
+63%
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