CANADIAN SNOWBIRD ASSOCIATION
Combined Balance Sheet as at October 31
(Expressed in Canadian Dollars)
|
|
2003 |
|
2002 |
 |
|
|
|
|
|
Operating
Fund |
|
Special
Action
Fund |
|
Total |
|
Total |
| ASSETS |
|
|
|
|
|
|
|
|
| Current assets |
|
|
|
|
|
|
|
|
| Cash |
$ |
567,699 |
|
123,976 |
$ |
691,675 |
$ |
653,305 |
| Short-term deposits |
|
201,304 |
|
406,478 |
|
607,782 |
|
691,665 |
| Accounts receivable |
|
174,781 |
|
5,358 |
|
180,139 |
|
141,814 |
| Prepaid expenses |
|
17,847 |
|
- |
|
17,847 |
|
7,263 |
|
|
|
961,631 |
|
535,812 |
|
1,497,443 |
|
1,494,047 |
| Property, plant and equipment (note 3) |
|
2,103 |
|
- |
|
2,103 |
|
13,601 |
|
|
$ |
963,734 |
|
535,812 |
$ |
1,499,546 |
$ |
1,507,657 |
|
|
|
| LIABILITIES AND NET ASSETS |
|
|
|
|
|
|
|
|
| Current liabilities |
|
|
|
|
|
|
|
|
| Accounts payable and accrued liabilities |
$ |
72,416 |
|
4,801 |
$ |
77,217 |
$ |
152,675 |
| Deferred membership fees (note 2) |
|
328,276 |
|
- |
|
328,276 |
|
327,232 |
|
|
|
400,692 |
|
4,801 |
|
405,493 |
|
479,907 |
|
| Net assets |
|
|
|
|
|
|
|
|
| Invested in property, plant and equipment |
|
2,103 |
|
- |
|
2,103 |
|
13,610 |
| Operating Fund |
|
|
|
|
|
|
|
|
| Internally restricted (note 4) |
|
90,000 |
|
- |
|
90,000 |
|
60,000 |
| Unrestricted |
|
470,939 |
|
- |
|
470,939 |
|
41,367 |
| Restricted - Special Action Fund |
|
- |
|
531,011 |
|
531,011 |
|
537,773 |
|
|
|
563,042 |
|
531,011 |
|
1,094,053 |
|
1,027,750 |
|
|
$ |
963,734 |
|
535,812 |
$ |
1,499,546 |
$ |
1,507,657 |
|
|
|
PKFHill
|
PKF
|
|
|
