Citrus Peel Annual Edition 2022 | Page 21

20
Girl Scouts of Citrus Council , Inc . Statements of Financial Position
September 30 , 2021 2020
Assets Current assets Cash and cash equivalents
$
1,849,556
$
2,382,080
Investments
2,446,860
2,127,438
Investments limited as to use
881,717
767,875
Other receivables
575,122
19,899
Inventory
130,399
194,958
Prepaid expenses
152,960
104,256
Total current assets
6,036,614
5,596,506
Property and equipment , net 4,618,852 4,209,945 Other assets 7,179 7,179 Total assets $ 10,662,645 $ 9,813,630
Liabilities and Net Assets
Current liabilities Accounts payable
$
238,481
$
27,729
Accrued expenses
336,399
376,795
Contract liabilities
46,971
Deferred revenues
802,094
871,154
Current portion of notes payable
50,581
414,539
Total current liabilities
1,427,555
1,737,188
Long term liabilities
Notes payable
571,616
215,418
Total long term liabilities
571,616
215,418
Total liabilities 1,999,171 1,952,606
Net assets
Without donor restrictions
Board designated
reserves
2,412,860
2,098,520
Undesignated
5,295,445
4,874,647
Without donor restrictions
7,708,305
6,973,167
With donor restrictions
955,169
887,857
Total net assets 8,663,474 7,861,024 Total liabilities and net assets $ 10,662,645 $ 9,813,630
The accompanying notes are an integral part of these financial statements .