Financial Statements and Supplemental Information. Home Repair Services of Kent County, Inc. (A Non-Profit Organization)

Transcription

1 Financial Statements and Supplemental Information Home Repair Services of Kent County, Inc. Years Ended June 30, 2011 and 2010 with Report of Independent Auditors

2 Financial Statements and Supplemental Information Years Ended June 30, 2011 and 2010 Contents Report of Independent Auditors... 1 Audited Financial Statements Statements of Financial Position... 3 Statements of Activities... 4 Statements of Functional Expenses... 6 Statements of Cash Flows... 8 Notes to Financial Statements... 9 Supplemental Information Report of Independent Auditors on Supplemental Information Schedule of Functional Revenue and Expenses... 18

3 Report of Independent Auditors Board of Directors Home Repair Services of Kent County, Inc. Grand Rapids, Michigan We have audited the accompanying statements of financial position of Home Repair Services of Kent County, Inc. (Organization) as of June 30, 2011 and 2010, and the related statements of activities, functional expenses, and cash flows for the years then ended. These financial statements are the responsibility of the Organization s management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Organization s internal control over financial reporting. Accordingly, we express no such opinion. 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 audits provide 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 Home Repair Services of Kent County, Inc. as of June 30, 2011 and 2010, and the changes in its net assets and cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. In accordance with Government Auditing Standards, we have also issued our report dated November 7, 2011, on our consideration of Home Repair Services of Kent County, Inc. s internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements, and other matters. The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the internal control over financial reporting or compliance. That report is an integral part of an audit performed in accordance with

4 Government Auditing Standards and should be read in conjunction with this report in considering the results of our audit. Grand Rapids, Michigan November 7,

5 Statements of Financial Position June 30 Assets Current assets Cash and cash equivalents $ 798,468 $ 756,297 Accounts receivable: Trade 88,155 72,755 Grants 96, ,588 Spendable balance - Agency Endowment 12,785 9,511 Inventory: Work in process 44,129 69,268 Material 3,827 2,471 Builders' Abundance 39,952 36,826 Accrued interest and prepaid expenses 6,049 9,171 Short-term investments 788, ,485 Total current assets 1,878,306 1,858,372 Property and equipment 2,679,416 2,661,863 Less accumulated depreciation (1,157,236) (1,078,685) Net property and equipment 1,522,180 1,583,178 Other assets Long-term deposits 4,371 3,339 Beneficial interest in assets held by Community Foundation 109,456 83,134 Total other assets 113,827 86,473 Total assets $ 3,514,313 $ 3,528,023 Liabilities and net assets Liabilities: Accounts payable $ 113,439 $ 97,603 Deferred agency income 33,748 48,019 Other accrued expenses 94,469 91,834 Total liabilities 241, ,456 Net assets: Unrestricted 3,101,534 3,054,482 Temporarily restricted 61, ,951 Permanently restricted 109,456 83,134 Total net assets 3,272,657 3,290,567 Total liabilities and net assets $ 3,514,313 $ 3,528,023 See accompanying notes. 3

6 Statement of Activities Year Ended June 30, 2011 Temporarily Restricted Permanently Restricted Unrestricted Total Support and other revenue HUD Community Development Block Grant $ 802,210 $ 802,210 Contracts 821, ,527 Contributions 523,259 $ 5, ,259 Donated goods and services 224, ,579 Builders' Abundance sales 158, ,031 Fees from clients 92,954 92,954 Program income returned to local municipalities (91,105) (91,105) Other grants 67,123 41, ,790 Interest income 8,544 8,544 Other income 16,599 16,599 Transfers from Agency Endowment 3,274 3,274 Change in beneficial interest $ 26,322 26,322 Net assets released from restrictions 137,951 (137,951) - Total support and other revenue 2,764,946 (91,284) 26,322 2,699,984 Expenses Program services: Repairs 1,020,332 1,020,332 Access Modifications 196, ,044 Do-It-Yourself 255, ,387 Volunteer Coordination 8,081 8,081 Homeowner Counseling 325, ,370 Air Sealing 63,591 63,591 City Bag Distribution 9,626 9,626 Donated goods and services 224, ,579 Total program services 2,103, ,103,010 Support services: Management and general 426, ,453 Fundraising 188, ,431 Total support services 614, ,884 Total expenses 2,717, ,717,894 Increase (decrease) in net assets 47,052 (91,284) 26,322 (17,910) Net assets - beginning of year 3,054, ,951 83,134 3,290,567 Net assets - end of year $ 3,101,534 $ 61,667 $ 109,456 $ 3,272,657 See accompanying notes. 4

7 Statement of Activities Year Ended June 30, 2010 Temporarily Restricted Permanently Restricted Unrestricted Total Support and other revenue HUD Community Development Block Grant $ 773,152 $ 773,152 Contracts 800, ,203 Contributions 566,667 $ 136, ,667 Donated goods and services 267, ,988 Builders' Abundance sales 191, ,812 Fees from clients 113, ,711 Program income returned to local municipalities (94,640) (94,640) Other grants 72,862 72,862 Interest income 13,281 13,281 Other income 11,505 11,505 Transfers from Agency Endowment 2,864 2,864 Change in beneficial interest $ 16,664 16,664 Net assets released from restrictions 16,623 (16,623) - 2,736, ,377 16,664 2,872,069 Expenses Program services: Repairs 936, ,738 Access Modifications 167, ,010 Do-It-Yourself 296, ,902 Volunteer Coordination 8,699 8,699 Homeowner Counseling 325, ,819 Air Sealing 62,146 62,146 Donated goods and services 267, ,988 Total program services 2,065, ,065,302 Support services: Management and general 451, ,634 Fundraising 155, ,443 Total support services 607, ,077 Total expenses 2,672, ,672,379 Increase in net assets 63, ,377 16, ,690 Net assets - beginning of year 2,990,833 33,574 66,470 3,090,877 Net assets - end of year $ 3,054,482 $ 152,951 $ 83,134 $ 3,290,567 See accompanying notes. 5

8 Statement of Functional Expenses Year Ended June 30, 2011 Program Services Support Services Donated Access Do-It- Volunteer Homeowner Air City Bag Goods and Management Fund- Repairs Modifications Yourself Coordination Counseling Sealing Distribution Services and General raising Total Personnel expenses $ 349,043 $ 103,624 $ 196,172 $ 6,093 $ 284,574 $ 38,444 $ 6,684 $ 192,116 $ 128,821 $ 1,305,571 Material, subcontractors, and supplies 618,214 79,169 31,178 1,510 4,643 14,116 7 $ 224, ,416 Mortgage assistance payments 5,916 5,916 Depreciation ,425 78,849 Special events 1,100 37,273 38,373 Other 52,570 13,111 27, ,831 10,971 2, ,812 22, ,769 Total $ 1,020,332 $ 196,044 $ 255,387 $ 8,081 $ 325,370 $ 63,591 $ 9,626 $ 224,579 $ 426,453 $ 188,431 $ 2,717,894 See accompanying notes. 6

9 Statement of Functional Expenses Year Ended June 30, 2010 Program Services Support Services Donated Access Do-It- Volunteer Homeowner Air Goods and Management Fund- Repairs Modifications Yourself Coordination Counseling Sealing Services and General raising Total Personnel expenses $ 330,885 $ 81,979 $ 200,336 $ 6,683 $ 289,027 $ 43,725 $ 200,488 $ 92,985 $ 1,246,108 Material, subcontractors, and supplies 560,465 74,306 69,168 1,443 2,093 13,228 $ 267, ,691 Mortgage assistance payments 5,443 5,443 Depreciation 1, , ,219 85,641 Special events 40,094 40,094 Other 43,828 10,367 26, ,966 4, ,927 22, ,402 Total $ 936,738 $ 167,010 $ 296,902 $ 8,699 $ 325,819 $ 62,146 $ 267,988 $ 451,634 $ 155,443 $ 2,672,379 See accompanying notes. 7

10 Statements of Cash Flows Years Ended June Cash flows from operating activities Increase (decrease) in net assets $ (17,910) $ 199,690 Adjustments to reconcile increase (decrease) in net assets to net cash provided by operating activities: Depreciation 78,849 85,641 Change in beneficial interest in assets held by Community Foundation (26,322) (16,664) Change in long-term deposits (1,032) Change in assets and liabilities: Accounts receivable 208,708 (142,943) Inventory 20,657 22,868 Accrued interest and prepaid expenses 3,122 2,057 Accounts payable 15,836 17,474 Deferred agency income (14,271) 6,148 Other accrued expenses 2,635 (23,067) Net cash provided by operating activities 270, ,204 Cash flows from investing activities Reinvestment of interest in short-term term investments (210,250) 250) (12,016) Purchases of property and equipment (17,851) Net cash used in investing activities (228,101) (12,016) Net increase in cash and cash equivalents 42, ,188 Cash and cash equivalents - beginning of year 756, ,109 Cash and cash equivalents - end of year $ 798,468 $ 756,297 Non-cash transactions: Services and materials $ 224,579 $ 267,988 See accompanying notes. 8

11 Notes to Financial Statements June 30, Nature of Organization and Summary of Significant Accounting Policies Nature of Organization and Programs Home Repair Services of Kent County, Inc. (Organization) was incorporated as a non-profit organization on June 28, Its purpose, as stated in its mission statement, is building successful, sustainable homeownership for lower-income families, thereby strengthening neighborhoods and the community. Current programming is categorized into six areas, including: Repairs, Access Modifications, Do-It-Yourself Home Improvements, Volunteer Coordination, Homeowner Counseling, and Air Sealing. The Do-It-Yourself component is comprised of Builders Abundance (sale of surplus building materials), Tool Library, and Fix-It-School. The largest source of funding is the federal Community Development Block Grant (CDBG), which is administered locally by the City of Grand Rapids, Michigan, the City of Wyoming, Michigan, and the County of Kent, Michigan. In addition, the Organization utilizes funds from a variety of sources including service recipients, the State of Michigan Department of Human Services, Kent County Senior Millage, other contracts, and contributions from organizations and individuals. Method of Accounting The records of the Organization are maintained on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). Accounting records are maintained in such a manner that common operating expenses are allocated to each program based on the percentage of related salaries and wages to total salaries and wages. Cash and Cash Equivalents The Organization considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The first $250,000 of deposits at each institution is insured by the Federal Deposit Insurance Corporation (FDIC). Cash deposits, at times, may exceed the FDIC insured limits. 9

12 Notes to Financial Statements (continued) 1. Nature of Organization and Summary of Significant Accounting Policies (continued) Investments Investments with amounts maturing within one year are classified as short-term investments. Investments consist of certificates of deposit held at five local financial institutions. The certificates of deposit are insured by the Federal Deposit Insurance Corporation up to $250,000 at each institution. Property and Equipment All acquisitions of property and equipment in excess of $5,000 are capitalized. Property and equipment are carried at cost or estimated fair value on the date received. Property and equipment are depreciated using the straight-line method over the estimated useful lives of the related assets, which range generally from 3 to 33 years. Title to assets purchased using CDBG funds in excess of $5,000 would revert back to the government provider should the Organization change its business entity, purpose, or become insolvent. As of June 30, 2011 and 2010, there were no individual assets in excess of $5,000 purchased with grant funds. Accounts Receivable Accounts receivable consist primarily of trade receivables associated with program services performed and grant receivables associated with expenses incurred, but not yet reimbursed, by the grantor (CDBG). Accounts and grants receivable are stated at the outstanding principal balance, which management believes approximates net realizable value. Inventories Inventories are valued at the lower of cost (first-in, first-out) or market. Maintenance, operating, and office supplies are not recorded as inventory. Work-in-process inventory related to the Repairs and Access Modification programs includes materials, labor, and subcontractor costs. Builders Abundance inventory is valued at the lower of fair value or sales price of the goods donated. 10

13 Notes to Financial Statements (continued) 1. Nature of Organization and Summary of Significant Accounting Policies (continued) Net Asset Classifications Unrestricted net assets represent the Organization s resources available for operations. The use of portions of the assets has been designated by the Board of Directors for specific purposes. Temporarily restricted net assets represent net contributions that contain donor-imposed restrictions that require the Organization to use or expend the assets as specified. Temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions when the restrictions are satisfied either by passage of time or by actions of the Organization. However, if a restriction is fulfilled in the same time period in which the contribution is received, the Organization reports the support as unrestricted. Permanently restricted net assets represent contributions that contain donor-imposed restrictions that stipulate the resources be maintained permanently, but permit the Organization to use or expend part or all of the income derived from the donated assets for specified purposes. Investment earnings are recorded as unrestricted net assets. Deferred Revenue The Organization records unearned revenue from programs as deferred income. Contributions and Donations of Long-Lived Assets Contributions that are restricted by the donor are reported as increases in unrestricted net assets if the restrictions expire in the fiscal year in which the contributions are recognized. All other restricted contributions are reported as increases to temporarily or permanently restricted net assets depending on the nature of the restrictions. When a restriction expires, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions. The Organization reports donations of land, buildings, and equipment as unrestricted support at their estimated fair value on the date received unless explicit donor stipulations specify how the donated assets must be used. Donations of long-lived assets with explicit restrictions that specify how the assets are to be used and donations of cash or other assets that must be used to acquire long-lived assets are reported as restricted support at estimated fair value. Absent explicit donor stipulations about how long those long-lived assets must be maintained, the Organization reports expirations of donor restrictions when the donated or acquired long-lived assets are placed in service. 11

14 Notes to Financial Statements (continued) 1. Nature of Organization and Summary of Significant Accounting Policies (continued) Donated Goods and Services The Organization receives donated services from a variety of unpaid volunteers assisting in program services. U.S. GAAP requires the fair value of donated services to be recognized in the financial statements if the services either (a) create or enhance a non-financial asset, or (b) require specialized skills, are provided by entities or persons possessing those skills, and would need to be purchased if they were not donated. Services that do not meet either of the preceding criteria are not recognized. Donated services are recorded for volunteers at fair value. Donated materials consist of building supplies and are valued at the Builders Abundance sales value. Items that did not individually exceed the Organization s capitalization policy of $5,000 have been expensed in the statement of activities. Expense Allocation The costs of providing various programs and other activities have been summarized on a functional basis in the statement of activities and in the statement of functional expenses. Accordingly, certain costs have been allocated among the programs and supporting services benefited. Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The Organization utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs. Based on the observability of the inputs used in the valuation techniques, the Organization is required to provide information according to the fair value hierarchy. The fair value hierarchy ranks the quality and reliability of the information used to determine fair values. Financial assets and liabilities carried at fair value will be classified and disclosed in one of the following three categories: Level 1 Valuations for assets and liabilities traded in active exchange markets, such as the New York Stock Exchange. Level 1 also includes U.S. Treasury and federal agency securities and federal agency mortgage-backed securities, which are traded by dealers or brokers in active markets. Valuations are obtained from readily available pricing sources for market transactions involving identical assets or liabilities. Level 2 Valuations for assets and liabilities traded in less active dealer or broker markets. Valuations are obtained from third party pricing services for identical or similar assets or liabilities. 12

15 Notes to Financial Statements (continued) 1. Nature of Organization and Summary of Significant Accounting Policies (continued) Fair Value Measurements (continued) Level 3 Valuations for assets and liabilities that are derived from other valuation methodologies, including option pricing models, discounted cash flow models, and similar techniques, and not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. Income Taxes Home Repair Services of Kent County, Inc. is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code. However, income from certain activities not directly related to the Organization s tax-exempt purpose may be subject to taxation as unrelated business income (UBI). Since the Organization is exempt from federal income taxes, no provision for income taxes is included in the accompanying financial statements. Generally, tax years from 2008 through the current year remain open to examination. The Organization does not believe that the results from any examination of these open years would have a material adverse effect on the Organization. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. Subsequent Events Management has evaluated subsequent events for potential recognition or disclosure in the financial statements through November 7, 2011, which is the date the financial statements were available to be issued. 13

16 Notes to Financial Statements (continued) 2. Net Property and Equipment Property and equipment consists of the following as of June 30: 3. Net Assets Building $ 320,248 $ 320,248 Building improvements 1,986,110 1,978,510 Land 88,165 88,165 Office equipment 88,147 88,147 Vehicles 189, ,097 Operating equipment 7,399 7,696 Total property and equipment 2,679,416 2,661,863 Less accumulated depreciation (1,157,236) (1,078,685) Net property and equipment $ 1,522,180 $ 1,583,178 Net assets consist of the following at June 30: Unrestricted: General fund $ 1,636,267 $ 1,504,541 Board designated funds: Financial Counseling 73,650 Program operations 218, ,291 Revenue protection/cash flow 1,246,657 1,327,000 Total unrestricted $ 3,101,534 $ 3,054,482 Temporarily restricted: Vehicle replacement $ 15,000 $ 15,000 Financial Counseling 41, ,000 Community Repair Day 5,000 5,000 Grant technical assistance 1,951 Total temporarily restricted $ 61,667 $ 152,951 Permanently restricted: Beneficial interest in assets held by Community Foundation $ 109,456 $ 83,134 14

17 Notes to Financial Statements (continued) 4. Line of Credit The Organization has available a $25,000 line of credit with interest calculated at 1% over the prime rate. Substantially all assets are pledged as security. There was no balance on the line at June 30, 2011 or Concentrations Approximately 29% of the Organization s funding in 2011 and 2010 was provided from the CDBG. 6. Retirement Plan The Organization has established a qualified retirement plan under the provisions of Section 403(b) of the Internal Revenue Code. The plan provides for voluntary employee contributions of up to the maximum allowed by the Internal Revenue Code and a mandatory employer matching contribution of 50% of the employee contribution, up to 6% of compensation for eligible employees. Eligible employees are part-time or full-time employees who have completed at least one year of service, working at least 1,000 hours per year. The Organization s employer match is calculated on the calendar year and must be paid no later than January 31 for the prior calendar year. The Organization expensed $16,416 for the year ended June 30, 2011 and $15,223 for the year ended June 30, 2010 to the retirement plan. 7. Beneficial Interest in Assets Held By Community Foundation The Organization is the beneficiary of an agency endowment fund held by the Grand Rapids Community Foundation (Foundation). Under the fund agreement, the endowment fund is under control of the Foundation and the Organization is entitled to the fund s spendable income, as determined in accordance with the terms of the fund agreement, upon written request. The spendable income is to be used for the support of the charitable or educational purposes of the Organization. An asset for the agency endowment fund has been established for the fair value of the underlying investment totaling $122,241 at June 30, 2011 and $92,645 at June 30, 2010 and is recorded in the Organization s statement of financial position. On an annual basis, the asset is revalued based on changes in fair value. This revaluation, less the spendable portion to which the Organization is entitled, is recorded as a change in beneficial interest in the statement of activities. Also, the Organization has a donor endowment fund held by the Foundation and in accordance with generally accepted accounting standards, the Organization does not record the donor endowment fund, valued at $107,704 as of June 30, 2011 and $87,192 as of June 30, 2010, in their financial statements. 15

18 Notes to Financial Statements (continued) 8. Fair Value Measurements Fair values of assets measured on a recurring basis at June 30, 2011 and 2010 are as follows: Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value June 30, 2011 Beneficial interest in assets held by community foundation $ 122,241 $ - $ - $ 122,241 June 30, 2010 Beneficial interest in assets held by community foundation 92, ,645 Changes in Level 3 assets and liabilities measured at fair value on a recurring basis: Balance, July 1, 2009 $ 73,117 Total gains or losses (realized/unrealized) 9,428 Contributions 10,100 Balance, June 30, ,645 Total gains or losses (realized/unrealized) 19,596 Contributions 10,000 Balance at end of period $ 122,241 The beneficial interest in assets held by community foundation represents the Organization s share of an investment pool held and managed by the Foundation. This pool is comprised of various investments that are valued by the Foundation using Level 1, 2, and 3 inputs. 16

19 Supplemental Information

20 Report of Independent Auditors on Supplemental Information Board of Directors Home Repair Services of Kent County, Inc. Grand Rapids, Michigan We have audited the basic financial statements of Home Repair Services of Kent County, Inc. as of and for the year ended June 30, 2011, and our report thereon dated November 7, 2011, which expressed an unqualified opinion on those financial statements, appears on page 1. Our audit was conducted for the purpose of forming an opinion on the financial statements as a whole. The schedule of functional revenue and expenses is presented for purposes of additional analysis and is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the financial statements as a whole. Grand Rapids, Michigan November 7, 2011

21 Schedule of Functional Revenue and Expenses Year Ended June 30, 2011 Repairs Access Modifications Minor Repair Major Repair Grand Kent Grand Rapids Kent Co Wyoming Extra Repairs Consultation Rapids County Wyoming Extra Revenue HUD Community Development Block Grant - City of Grand Rapids $ 363,000 $ 46,000 HUD Community Development Block Grant - Kent County $ 63,313 $ 30,000 HUD Community Development Block Grant - City of Wyoming $ 32,990 $ 19,897 Contracts $ 96,711 $ 391,094 $ 100,444 $ 136,623 Contributions 6,425 Donated goods and services Builders' Abundance sales Fees from clients 20,103 4,128 1,990 10,474 23,258 19,986 2,450 1,800 1,000 6,900 Program income returned to local municipalities (20,103) (4,128) (1,990) (2,450) (1,800) (1,000) Other grants Interest income Other income Transfers from Agency Endowment Net assets released from restrictions Total revenues 363,000 63,313 32, , , ,430 46,000 30,000 19, ,523 Expenses Program services Personnel 177,697 29,928 14,848 55,301 24,491 46,778 20,957 14,658 7,717 60,292 Materials/Subcont./Supplies 94,131 19,336 11,397 52, ,264 56,957 15,022 9,363 8,748 46,036 Mortgage assistance payouts Vehicle expense 10,706 1, , ,767 1, ,629 Insurance 10,814 1, ,159 1,296 2,644 1, ,241 Other 8,699 1, ,331 1, ,286 Depreciation - operating/vehicle Total program services 302,300 53,529 28, , , ,548 39,405 25,910 17, ,568 Support services Personnel 33,734 5,759 2,908 10,741 4,673 9,697 3,657 2,311 1,424 11,381 Utilities 2, Office expense 9,480 1, ,017 1,300 2,679 1, ,143 Repair and maintenance 5, , , ,941 Advertising and uniforms Education/legal/consulting Depreciation - office equipment and building 4, , ,166 Special events Miscellaneous Total support services 57,912 9,570 4,803 18,432 8,671 16,117 6,315 3,861 2,339 19,193 Total expenses 360,212 63,099 32, , , ,665 45,720 29,771 19, ,761 Revenue over (under) expenses $ 2,788 $ 214 $ 72 $ (19,239) $ (5,742) $ (6,235) $ 280 $ 229 $ 397 $ 10,762 18

22 Do-It-Yourself Donated Builders' Tool Fix-It Volunteer Homeowner Air City Bag Fund- Goods and Agency Abundance Library School Coordination Counseling Sealing Distribution raising Services Funds Total $ 99,766 $ 41,000 $ 19,156 $ 568,922 25,000 43, ,401 10,000 9,000 71,887 77,836 $ 7,023 $ 11, ,527 2,550 $ 1,460 76,000 33,000 $ 403, ,259 $ 224, , , , ,954 (58,721) (913) (91,105) 65,030 $ 2,093 67,123 8,544 8, ,089 16,599 3,274 3,274 5, ,000 1, , ,626 41,462-6, ,110 40,023 11, , ,579 28,677 2,764, ,772 34,320 $ 15,080 6, ,574 38,444 6, ,634 25,172 3,210 2,796 1,510 4,643 14, , ,416 5,916 5,916 8, ,075 1,486 36,612 2, ,672 1, ,554 12,714 1, ,084 7,678 2,867 67, , ,515 39,776 19,096 8, ,370 63,591 9, ,579-2,103,010 29,046 6,848 3,207 1,235 53,874 8,022 1, ,821 2, ,937 16,113 1,298 2, , ,274 8,189 1, ,210 2, ,227 3,816 78,386 12,486 1, ,394 1, , , , ,000 11,775 51,124 3,493 7, , ,425 1,100 37,273 38, , ,110 6,923 14, ,428 15,073 14,542 2,285 92,048 12,648 1, ,431-21, , ,943 54,849 33,638 10, ,418 76,239 11, , ,579 21,266 2,717,894 $ (79,317) $ (13,387) $ (33,638) $ (3,906) $ 3,692 $ (36,216) $ 220 $ 218,667 $ - $ 7,411 $ 47,052 19