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American Jail Association
Statements of Financial Position
December 31, 2020
2020
ASSETS
Current Assets
Cash $162,541
Cash—restricted 46,100
Investments 425,171
Accounts receivable, net allowance of
$0 and $9,415 in 2020 and 2019, respectively 39,599
Inventory —
Prepaid expenses 102,690
Total Current Assets 776,101
Property and Equipment
Land 143,813
Building and improvements 976,907
Furniture and equipment 146,915
Website 98,285
Software 13,848
1,379,768
Accumulated depreciation (696,569)
683,199
TOTAL ASSETS $1,459,300
LIABILITIES AND NET ASSETS
Current Liabilities
Accounts payable and accrued expenses $32,706
Compensated absences 47,309
Deferred revenue 685,140
Current maturities of long-term debt 37,630
Total Current Liabilities 802,785
Long-Term Liabilities
Long-term debt, less current maturities
and unamortized debt issuance costs 554,284
Deferred revenue 28,516
Total Liabilities 1,385,585
Net Assets
Without donor restrictions 27,615
With donor restrictions 46,100
Total Net Assets 73,715
TOTAL LIABILITIES AND NET ASSETS $1,459,300
AMERICANJails JULY | AUGUST 2021 | 77
