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financial
statement

Financial Statement for Fiscal Year

Ending December 31, 2020

We are pleased to provide on investments of ($66,410) Program expenses totaled
the American Jail Association’s resulting in a decrease of $863,218 for the year. General
Annual Auditor’s Report ($137,482) compared with a and administrative expenses
for the fiscal year ending gain of $94,352 last year. This totaled $506,987 for the year—
December 31, 2020. In accor- adjusted our end-of-year net this was $35,156 less than the
dance with the bylaws of assets to $27,615. Highlights year prior.
AJA, the books of accounts of of the Audit Report are as
the organization have been follows. Investments and Net Assets
audited by the independent The association had net
auditing firm of Smith Elliott Revenue unrealized and realized losses
Kearns & Company, LLC. The Most revenue categories, on investments of ($66,410).
audit produced an opinion with the exception of a few, This was a net change of
based on review of our finan- were significantly lowered ($137,482).
cial statements and accounting compared year over year End-of-year net assets were
practices that the changes in and to budget due to the $27,615, which was down from
our net assets and cash flow COVID-19 pandemic and the $892,526 in the previous year.
for the calendar year ending cancellation of the 2020 AJA
December 31, 2020 were in Conference & Jail Expo, which For more informa-
accordance with Generally resulted in $0 conference tion, please contact AJA
Accepted Accounting revenue. headquarters.
Principles (GAAP). Further, Operational revenue, which
that in the opinion of the includes magazine advertis- Respectfully submitted by:
auditors, the organization’s ing and membership dues,
financial statements present was $594,176 for the year.
fairly, in all material respects, Membership dues showed a EDDIE K. LANCE, CJM
the financial position of AJA decrease due to the cancel- Treasurer
for the year ending December lation of the annual confer- American Jail Association
31, 2020, with no deficiencies ence, which normally drives
in internal controls. renewals and new member-
In summary, AJA had assets ships. Publication advertising
and liabilities of $1,459,300 in revenue was down again year
2020, compared to $1,679,674 over year as demand contin-
in 2019. Total revenues for ues to lessen.
2020 were $594,176 com-
pared to $1,946,666 in 2019.
Total expenses in 2020 were Expenses
$1,370,205 compared to Expenses for 2020 totaled
$1,923,386 in 2019. $1,370,205, which was signifi-
cantly lower than $1,923,386
This resulted in a net-to- from the year prior, due to the
fund balance of ($776,029) in cancellation of the conference
2020, compared to a net-to- and expense reductions at
fund balance of $23,280 in headquarters.
2019. In addition, we had net
unrealized and realized losses

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