07-25-19 - BOARD BOOK

Frenchman's Creek Inc. Statement of Financial Position, June 2019 LIABILITIES & CAPITAL

At 6/30/2019

At 6/30/2018

PAYABLES Accounts Payable

830,233 662,641 1,281,241

704,519 547,622 1,503,076

A/P Other

Bank of America Loan**

Lease Payable

44,722

-

TOTAL PAYABLES

2,818,837

2,755,217

ACCRUED EXPENSES Accrued Payroll

174,837 490,957 2,371,891

181,031 505,748 1,858,394

Accrued Vacation

Accrued Expenses & Other Liabilities TOTAL ACCRUED EXPENSES

3,037,685

2,545,173

RESERVES Infrastructure

985,601 32,534 43,099 373,134

897,139 42,258 124,181 385,735

Capital Reserves Painting Reserves Waterfront Reserves TOTAL RESERVES OTHER LIABILITIES Deferred Income

1,434,369

1,449,313

9,555,595

9,154,407

TOTAL OTHER LIABILITIES

9,555,595

9,154,407

TOTAL LIABILITIES

16,846,486 16,846,486

15,904,110 15,904,110

CONTRIBUTED CAPITAL Membership Equity

108,587,608 (64,518,180)

102,728,473 (60,362,000)

Retained Earnings TOTAL CAPITAL

44,069,428

42,366,473

TOTAL LIABILITIES & CAPITAL

60,915,914 60,915,914

58,270,583 58,270,583

** Transferred to Wells Fargo on July 2, 2019

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