Page 12 - 2018-2019 Annual Report
P. 12
12 | 2019 ANNUAL REPORT
2018-2019 Financials
ASSETS & LIABILITIES
The 2018-2019 fiscal year ended with Banner having $2,560,534 in assets; the largest asset is 125 acres of land for the
future home of Banner Christian School. Below is a table listing these assets:
ASSETS 06/30/2019
Cash $202,818
Accounts receivable $93,828
Textbooks $83,930
Land, buildings & equipment $2,179,958
TOTAL ASSETS $2,560,534
LIABILITIES 06/30/2019
Accounts payable $6,954
Accrued expenses $46,391
Deferred revenue $110,784
Loans $302,642
TOTAL LIABILITIES $466,771
NET ASSETS $2,093,763
