Annual Report 2020-2021

Balance Sheet

aSSEtS

LiaBiLitiES & EQuitY

Current assets

Liabilities

Checking/Savings accounts

accounts Payable

BB&T Payroll

$3,312.91

American Express Credit Card

$22,320.00

BB&T Operating

$33,438.60

Dues Refund Payable

$1,930.38

total accounts Payable other Current Liabilities

$24,250.38

BB&T Capital Replacement

$17,568.93

BB&T Operating Reserves

$682.85

BB&T Convention

$13,461.26

Deferred Registration

$7,085.00

BB&T Convention Reserves

$1,001.90

Deferred Banquet

$5,015.00

Investment Accounts

Deferred First Lady's Event

$1,375.00

Operating Reserves Cash

$30,126.53

Deferred Membership Dues

$28,564.00

Operating Reserves

$162,680.89

Accrued Payroll

$16,544.85

Ruritan Forever Reserves

$553,200.00 $200,000.00

Accrued Vacation

$15,399.42

Capital Replacement Reserves

Accrued Employee Retirement

$9,046.87

total Checking/Savings accounts Receivable Accounts Receivable-Clubs

$1,015,473.87

Deferred Expense-Convention

-$2,304.84

Deferred Exp-2011 Convention Reserve for Uncollected Dues

-$5,000.00

$92,084.94

$20,000.00

total other Current Liabilities

$95,725.30

Accounts Receivable-Miscellaneous

$4,365.28

total accounts Receivable

$96,450.22

total Current Liabilities

$119,975.68

other Current assets

Equity

Prepaid Insurance

$14,776.50 $76,614.22

Temp Restricted Net Assets

$5,405.43

Merchandise Inventory

Unrestricted Net Assets

$717,302.58

total other Current assets

$91,390.72

Permanently Restricted

$488,200.00

total Current assets

$1,203,314.81

Unrealized Gain/Loss on Investments

$44,531.78

Fixed assets

Net Income

$7,611.59

total Equity

$1,263,051.38

Furniture and Fixtures

$22,896.31

totaL LiaBiLitiES & EQuitY

$1,383,027.06

Accum Deprec/Furn&Fixtures

-$16,445.90

Office Equipment

$123,121.69

Accumulated Deprec/Office

-$112,389.57

Building

$340,320.50

Accumulated Deprec/Building

-$208,850.46

Land

$31,059.68

total Fixed assets

$179,712.25

totaL aSSEtS

$1,383,027.06

9

Ruritan National 2021 Annual Report