Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Download
Standard view
Full view
of .
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
YWCA Financial Statements

YWCA Financial Statements

Ratings: (0)|Views: 89|Likes:
Published by Statesman Journal
YWCA Financial Statements
YWCA Financial Statements

More info:

Published by: Statesman Journal on Nov 01, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

11/02/2014

pdf

text

original

 
YOUNG WOMEN’S CHRISTIAN  ASSOCIATION OF SALEM, OREGON  FINANCIAL STATEMENTS Year Ended September 30, 2012
 
 
 
 475 Cottage Street NE, Suite 200, Salem, Oregon 97301 (503) 581-7788
 
 INDEPENDENT AUDITOR'S REPORT 
 Board of Directors Young Women’s Christian Association of Salem, Oregon
 
1255 Broadway NE, Suite 110 Salem, Oregon 97301
We have audited the accompanying statement of financial position of Young Women's Christian Association of Salem, Oregon (the Association) as of September 30, 2012, and the related statements of activities and cash flows for the year then ended. These financial statements are the responsibility of the Association’s management. Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Young Women's Christian Association of Salem, Oregon as of September 30, 2012, and the results of its operations and its cash flows for the year then ended in conformity with accounting principles generally accepted in the United States of America. Our audit was made for the purpose of forming an opinion on the basic financial statements taken as a whole. The schedule of functional expenses by program on page 11 is presented for the purpose of additional analysis and is not a required part of the basic financial statements. Such information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
CERTIFIED PUBLIC ACCOUNTANTS 
 July *, 2013
 
The accompanying notes are an integral part of the financial statements. - 2 -
 
YOUNG WOMEN’S CHRISTIAN ASSOCIATION OF SALEM, OREGON 
 STATEMENT OF FINANCIAL POSITION SEPTEMBER 30, 2012
 
 ASSETSCurrent Assets
Cash and cash equivalents - unrestricted1,322,534$ Cash and cash equivalents - restricted68,708Accounts receivable42,925Prepaid expenses10,000 
Total Current Assets
1,444,167 
 Land, Buildings and Equipment, net
2,298,810 
 Intangible Assets, net
5,358 
Total Assets
3,748,335$
 LIABILITIES AND NET ASSETSCurrent Liabilities
Accounts payable51,773$ Accrued expenses1,262 Accrued payroll taxes and benefits liabilities8,059 Accrued vacation10,140 Current portion of long-term debt12,330 
Total Current Liabilities
83,564 
 Long-term Debt
479,153 
Total Liabilities
562,717 
 Net Assets
Unrestricted3,158,589Restricted27,029 
Total Net Assets
3,185,618 
Total Liabilities and Net Assets
3,748,335$

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->