Page 32 - November 2019 Council Meeting Notebook Online
P. 32
Propane Education and Research Council
Statement of Financial Position
September 30, 2019
Current
YTD
Assets
Current Assets:
Cash and cash equivalents $ 2,523,051
Assessment receivable 2,797,985
Inventory, net 534,787
Prepaid expenses and other assets 324,679
Total Current Assets 6,180,502
Non Current Assets:
Long term investments, net current portion 35,668,575
Property and equipment, net 46,513
Other non current assets 142,788
Total Non Current Assets 35,857,876
Total Assets $ 42,038,378
Liabilities and Net Assets
Liabilities
Current Liabilities:
Accounts payable and other accrued expenses $ 1,614,728
State rebate obligation 13,263,029
Total Current Liabilities 14,877,757
Deferred rent 310,888
457 plan liability 83,150
Total Liabilities 15,271,795
Net Assets
Net assets without donor restriction
Undesignated 9,752,118
Undesignated but committed 597,571
Undesignated 10,349,689
Designated 16,416,894
Total Net Assets 26,766,583
Total Liabilities and Net Assets $ 42,038,378
These financial statements have not been subjected to an audit, review, or compilation engagement, and no assurance is
provided on them. The accompanying note is an integral part of these financial statements.
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