2025 Annual Report - FINAL | Page 21

John’ s Island Club, Inc. Notes to Financial Statements
Note 2. Liquidity and Availability
Assets available to meet cash needs for general expenditures within one year, without contractual or donor restrictions consist of the following as of December 31:
2025 2024($ in thousands)
Cash and cash equivalents
$
11,072
$
15,529
U. S. Treasury securities
25,588
13,192
Accounts receivable, net
4,853
4,551
$
41,513
$
33,272
The Club will use short-term borrowing, as needed, from the available line of credit established with the bank( see Note 5).
Note 3. Inventories Inventories consist of the following as of December 31:
2025 2024($ in thousands)
Food
$
264
$
242
Beverage
432
402
Golf merchandise
676
571
Tennis merchandise
163
108
Health and fitness merchandise
24
24
$
1,559
$
1,347
Note 4. Property and Equipment Property and equipment consists of the following as of December 31:
2025 2024($ in thousands)
Land
$
40,380
$
40,389
Land and golf course improvements
33,401
32,148
Buildings and improvements
82,701
82,134
Irrigation systems
10,152
10,152
Furniture, fixtures vehicles and equipment
43,119
39,484
209,753
204,307
Less accumulated depreciation
110,401
100,569
99,352
103,738
Construction in progress
2,945
1,149
$
102,297
$
104,887
13