Page 21 - People Incorporated Annual Report
P. 21

STATEMENT OF CONSOLIDATED FINANCIAL POSITION For June 30, 2016 ASSETS
Current Assets
Cash and cash equivalents. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......... Vacation trust account . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ......... Receivables:
Grants ............................................... Clients ............................................... Contracts ............................................... Rents, Interest, and Other (net of allowance of $11,399) . . . . . . . . . . . . . . . . Related Party . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Inventory ............................................... Prepaid expenses . . . . . .......................................... Other current assets . . . . ..........................................
Total Current Assets ..........................................
Long-term Assets:
Notes receivable (Net of allowance
for bad debts of $54,141) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Notes receivable - related party ...................................... Property, plant, & equipment . . ...................................... Accumulated depreciation . . . . ......................................
Total Long-term Assets . . . ......................................
Other Assets:
Deferred Developer Fees . . . . . ...................................... Investments ...............................................
$
$
Total
1,520,002 179,880
1,522,666 138,820 954,626
43,090 2,079,750 60,929 236,745 9,414
5,791,296
3,259,753
5,093,877 25,673,683
(7,449,237) 26,578,076
3,057,530 577,061
3,634,591 36,003,963
222,474 615,319 343,657
82,635 1,291,079 209,705 43,945 496,949
3,305,763
1,545,441 19,122 3,234,121
4,798,684
3,057,530
3,057,530 11,161,977
7,670,995 17,170,991
24,841,986 36,003,963
Total Other Assets . . . . . . . . . Total Assets . . . . . . . . . .
LIABILITIES & NET ASSETS
................................... ...................................
................................... ................................... ................................... ................................... ................................... ................................... ................................... ...................................
...................................
$
$
$
$
$
Current Liabilities:
Accounts payable
Accrued expenses
Deferred revenue
Retainage Payable
Refundable deposits
Lines of Credit
Lease obligations payable - current Notes payable - current . . . . .....
Total Current Liabilities ..... Long-term Liabilities:
. ... ........
. ... ........
. ... ........
. ... ........
... ........ . ... ........
................................... Total Long-term Liabilities ......................................
Other Liabilities:
Deferred Developer Fees . . . . . . ......................................
Total Other Liabilities . . . . ...................................... Total Liabilities . . . . . ......................................
NET ASSETS
Unrestricted ...............................................
Temporarily restricted . . . . . . . . . . . . . . ................................. Total Net Assets . . . . . . . . . . ................................. Total Liabilities & Net Assets .................................
A complete copy of our audited financial statements is available at www.peopleinc.net or upon request.
Compensated absences . . . . .....
Lease obligations payable - net of current. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Notes payable - net of current. . ......................................
Building Futures, Realizing Dreams
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