Statement of Financial Position


  Capital
Fund
Reserve
Funds
General
Fund
2011
Total
2010
Total
ASSET - Current          
Cash and temporary
investments
$767,840 $727,870 $587,676 $2,083,386 $1,489,884
GST/HST/Sundry
receivable
    $38,383 $38,383 $48,719
Prepaid expenses     $21,221 $21,221 $4,662
  $767,840 $727,870 $647,280 $2,142,990 $1,543,265
           
Long Term Investments $512,991 $535,786   $1,048,777 $1,218,312
Capital Assets $4,586,436     $4,586,436 $4,469,729
TOTAL ASSETS $5,867,267 $1,263,656 $647,280 $7,778,203 $7,231,306
           
LIABILITIES - Current          
Accounts payable and
Accrued Liabilities
    $92,064 $92,064 $155,988
Current portion of
mortgage payable
$14,009     $14,009 $11,532
Accrued mortgage
interest
$880     $880 $942
Deferred revenue       - $122,464
  $14,889 $- $92,064 $106,953 $290,926
Mortgage Payable $304,266 $- $- $304,266 $320,275
           
NET ASSETS          
Invested in capital assets $4,282,170     $4,282,170 $4,149,454
Externally restricted   $174,695   $174,695 $174,700
Internally restricted   $1,087,635   $1,087,635 $880,731
Unrestricted $1,790,455   $32,029 $1,822,484 $1,415,220
  $6,072,625 $1,262,330 $32,029 $7,366,984 $6,620,105
TOTAL LIABILITIES and NET ASSETS $6,087,514 $1,262,330 $124,093 $7,778,203 $7,231,306


Note to the summarized financial statements:
The summarized statements of financial position and operations are derived from the complete financial statements of Interval House as of September 30, 2011 and for the year then ended. The full audited financial statements are available upon request.