2009-2010 SJK Annual Report - St. John's-Kilmarnock School
2009-2010 SJK Annual Report - St. John's-Kilmarnock School
2009-2010 SJK Annual Report - St. John's-Kilmarnock School
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The Corporation of <strong>St</strong>. John’s-<strong>Kilmarnock</strong> <strong>School</strong><br />
STATEMENT OF FINANCIAL POSITION<br />
AS AT JUNE 30, <strong>2010</strong><br />
Assets<br />
Cash $ 263,756<br />
Accounts receivable 1,183,825<br />
Prepaid expenses 73,867<br />
Capital assets 7,703,745<br />
Capital assets available for sale 542,326<br />
Total Assets $ 9,767,519<br />
Liabilities, Deferred Contributions and Net Assets<br />
Current Liabilities<br />
Bank indebtedness $ 1,314,866<br />
Accounts Payable and accrued liabilities 806,375<br />
Deferred tuition fees 3,001,746<br />
Demand notes payable to a related party 65,000<br />
Current portion of placement fees 5,000<br />
Current portion of long-term debt 105,110<br />
Current portion of obligation under capital lease 14,525<br />
$ 5,312,622<br />
Placement Fees $ 19,804<br />
Long Term Debt 1,101,842<br />
Obligation Under Capital Lease 86,456<br />
Deferred Capital Contributions 1,809,765<br />
$ 8,330,489<br />
Net Assets<br />
Investment in capital assets $ 4,148,497<br />
Unrestricted (2,711,467)<br />
$ 1,437,030<br />
Total Liabilities, Deferred Contributions and Net Assets $ 9,767,519
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