Scribd Logo
Upload

Welcome to Scribd!

  • Balance Sheet 2020-2021

    Uploaded by

    api-503587214
    83 views1 page
    The MLWUC comparative balance sheet from May 31, 2021 and May 31, 2020 shows that total assets increased from $229,108.19 to $237,285.83 over the past year, with cash and term deposits making up the majority of current assets. Total liabilities remained at $0 while member's equity, including community equity and current earnings, increased from $229,108.19 to $237,285.83. The balance sheet indicates the organization's finances are in good standing with increased assets and no liabilities.

    Original Description:

    Original Title

    balance sheet 2020-2021

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The MLWUC comparative balance sheet from May 31, 2021 and May 31, 2020 shows that total assets increased from $229,108.19 to $237,285.83 over the past year, with cash and term deposits making up the majority of current assets. Total liabilities remained at $0 while member's equity, including community equity and current earnings, increased from $229,108.19 to $237,285.83. The balance sheet indicates the organization's finances are in good standing with increased assets and no liabilities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    83 views1 page

    Balance Sheet 2020-2021

    Uploaded by

    api-503587214
    The MLWUC comparative balance sheet from May 31, 2021 and May 31, 2020 shows that total assets increased from $229,108.19 to $237,285.83 over the past year, with cash and term deposits making up the majority of current assets. Total liabilities remained at $0 while member's equity, including community equity and current earnings, increased from $229,108.19 to $237,285.83. The balance sheet indicates the organization's finances are in good standing with increased assets and no liabilities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    MLWUC Compara ve Balance Sheet 2021

    As at 5/31/2021 As at 5/31/2020

    ASSETS
    Current Assets
    KSCU Chequing Account 29,830.17 27,697.37
    KSCU Summit Savings 225.30 224.83
    KSCU Membership Shares 25.00 25.00
    Kootenay Saver Term Deposits 160,742.03 160,000.00

    Total Cash & Term Deposits 190,822.50 187,947.20


    Accounts Receivable 3,759.17 2,159.89
    Unpaid Fees 776.90 1,918.55
    Fees wri en off -3,369.27
    Total Current Assets 195,358.57 188,188.54

    Fixed Assets
    Water System Equipment 38,913.65 38,913.65
    Major Tools and Equipment 3,013.61 2,006.00
    Safety Equipment 807.52
    Total Fixed Assets 41,927.26 40,919.65

    Total Assets 237,285.83 229,108.19

    LIABILITIES

    Total Liabili es 0.00 0.00

    EQUITY
    Member’s Equity
    Community Equity 234,410.53 216,885.33
    Current Earnings 2,875.30 12,222.86

    Total Member’s Equity 237,285.83 229,108.19

    TOTAL EQUITY 237,285.83 229,108.19

    LIABILITIES & EQUITY 237,285.83 229,108.19

    Page 1

    You might also like