2007 AnnRpt.indd - Harvesters

Statements of Financial Position
ASSETS
CURRENT ASSETS
Cash
Investments
Restricted deposits
Accounts receivable
Unconditional promises to give, current portion, less
allowance for uncollectibles
Prepaid expenses
Inventory
TOTAL CURRENT ASSETS
LONG-TERM UNCONDITIONAL PROMISES TO GIVE,
less current portion above
PROPERTY AND EQUIPMENT, at cost, less accumulated depreciation
PERPETUAL TRUST HELD BY A THIRD PARTY
LIABILITIES
TOTAL ASSETS
CURRENT LIABILITIES
Accounts payable and accrued expenses
Line of credit
Current portion of long-term debt
TOTAL CURRENT LIABILITIES
LONG-TERM DEBT
NET ASSETS
UNRESTRICTED NET ASSETS
Undesignated
Board designated - operating reserve
Total foodbank
Contributed food
TOTAL UNRESTRICTED NET ASSETS
TEMPORARILY RESTRICTED NET ASSETS
PERMANENTLY RESTRICTED NET ASSETS
TOTAL NET ASSETS
TOTAL LIABILITIES AND NET ASSETS
June 30,
2007
$20,764
338,154
326,247
182,724
956,584
83,548
3,554,385
5,462,406
618,475
10,695,184
229,500
$17,005,565
$318,743
2,039,828
250,000
2,608,571
-
8,504,411
300,000
8,804,411
3,413,325
12,217,736
1,949,758
229,500
14,396,994
$17,005,565
June 30,
2006
$103,675
310,866
1,039,308
228,577
839,342
40,833
4,550,750
7,113,351
1,083,920
11,153,686
229,500
$19,580,457
$289,485
2,873,228
-
3,162,713
1,300,000
6,817,912
300,000
7,117,912
4,483,911
11,601,823
3,286,421
229,500
15,117,744
$19,580,457