Annual Report 2020 | Page 25

Financial Statements
MANITOBA RECREATIONAL TRAILS ASSOCIATION INC . Consolidated Statement of Financial Position
December 31 2020 2019
Assets
Current Assets Cash and bank
$
410,071 $
445,821
Restricted cash
108,127
95,025
Accounts receivable
10,924
19,620
Prepaid expenses
2,173
-
531,295 560,466
Capital assets - 2,535
$ 531,295 $ 563,001
Liabilities and Net Assets
Current Liabilities
Accounts payable and accrued liabilities
$
167,113 $
13,780
Deferred contributions 12,600 116,640
179,713 130,420
Net Assets
Local Trail Groups Fund
77,460
77,961
General Fund
274,122
354,620
351,582 432,581
$ 531,295 $ 563,001
Annual Report-2020 Year in Review 25