2009 ANNUAL REPORT - Community Foundation of Howard County

Financial Report
Comparative Condensed Statement of Financial Position
December 31, 2009 and December 31, 2008
Assets
Current Endowment Total Total
Fund Fund 2009 2008
Cash 716,872 672,497 1,389,369 1,345,553
Investments 849,159 33,096,244 33,945,403 27,520,843
Endowed Assets not in Investment Pool 44,406 44,406 36,181
Other Receivables 629,313 629,313 210,202
Prepaid Insurance 3,138 3,138 3,098
Prepaid Expenses 354
Cash Value in Life Insurance 114,850
Charitable Remainder Unitrust 170,356 170,356 266,294
Charitable Gift Annuity Assets 7,753 7,753 6,716
Program Related Investment in Real Estate 1,805,000 1,805,000 1,805,000
Land 559,000 559,000 559,000
Land Improvements 26,747 26,747 26,747
Building 372,700 372,700 372,700
Fixed Assets 49,903 49,903 55,327
Less Accumulated Depreciation (60,635) (2,675) (63,310) (60,430)
Total Assets 1,931,137 37,008,641 38,939,778 32,262,435
Liabilities & Net Assets
Liabilities
Accounts Payable 422 1,292 1,714 67,966
Accrued Expenses 16,978 16,978 17,340
Grants Payable 61,433 61,433 48,564
Charitable Gift Annuity Payment
Liability 4,749 4,749 4,860
Liability under Unitrust Agreement
Funds Held for the Benefit of Others 866,618 866,618 732,361
Total Liabilities 17,400 934,092 951,492 871,091
Net Assets
Howard County 1,172,262 17,219,627 18,391,889 14,906,523
Carroll County 134,951 1,821,390 1,956,341 1,574,071
Clinton County 606,524 17,033,532 17,640,056 14,910,750
Total Net Assets 1,913,737 36,074,549 37,988,286 31,391,344
Total Liabilities
and Net Assets 1,931,137 37,008,641 38,939,778 32,262,435
The 2009 Community Foundation financial records have been audited by:
Bucheri, McCarty & Metz LLP - Certified Public Accountants
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