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CANADIAN SNOWBIRD ASSOCIATION Combined Balance Sheet as at October 31 (Expressed in Canadian Dollars) |
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| 2004 | 2003 | |||||||
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| Operating Fund |
Special Action Fund |
Total | Total | |||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash | $ | 553,563 | 56,158 | $ | 609,721 | $ | 691,675 | |
| Short-term deposits | 261,043 | 513,235 | 774,278 | 607,782 | ||||
| Accounts receivable | 180,597 | 14,448 | 195,045 | 180,139 | ||||
| Prepaid expenses | 24,730 | - | 24,730 | 17,847 | ||||
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| 1,019,993 | 583,841 | 1,603,774 | 1,497,443 | |||||
| Property, plant and equipment (note 3) | 28,446 | - | 28,446 | 2,103 | ||||
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| $ | 1,048,379 | 583,841 | $ | 1,632,220 | $ | 1,449,546 | ||
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| LIABILITIES AND NET ASSETS | ||||||||
| Current liabilities | ||||||||
| Accounts payable and accrued liabilities | $ | 82,291 | 2,000 | $ | 84,291 | $ | 77,217 | |
| Deferred membership fees (note 2) | 399,810 | - | 399,810 | 328,276 | ||||
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| 482,101 | 2,000 | 484,101 | 405,493 | |||||
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| Net assets | ||||||||
| Invested in property, plant and equipment | 28,446 | - | 28,446 | 2,103 | ||||
| Operating Fund | ||||||||
| Internally restricted (note 4) | 90,000 | - | 90,000 | 90,000 | ||||
| Unrestricted | 447,832 | - | 447,832 | 470,939 | ||||
| Restricted - Special Action Fund | - | 581,841 | 581,841 | 531,011 | ||||
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| 566,278 | 581,841 | 1,148,119 | 1,094,053 | |||||
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| $ | 1,048,379 | 583,841 | $ | 1,632,220 | $ | 1,499,546 | ||
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