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CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF NET POSITION
CURRENT ASSETS:
Cash in Bank
245,732.78
$
TOTAL CURRENT ASSETS
245,732.78
$
OTHER ASSETS:
Investments
896,979.12
TOTAL OTHER ASSETS
896,979.12
TOTAL ASSETS
1,142,711.90
$
CAPITAL:
BEGINNING NET POSITION
999,720.47
$
Year-to-Date Change in Net Position
142,991.43
ENDING NET POSITION
1,142,711.90
$
January 31, 2023
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION
7 Month Ended
January 31, 2023
OPERATING REVENUES:
Annual Admin Fees (Intel)
140,539.12
Annual Admin Fees (Tri-City Babtist Church)
-
-
Other Revenue
1.00
TOTAL Income
-
140,540.12
TOTAL OPERATING REVENUES
-
140,540.12
OPERATING EXPENSES:
Annual Corporation Report
10.00
Miscellaneous (Account Analysis
Settlement Bank Charge)
6.95
TOTAL OPERATING EXPENSES
16.95
OPERATING INCOME (LOSS)
140,523.17
NONOPERATING REVENUE:
Investment Income (LOSS)-Note 1
570.14
2,468.26
TOTAL NONOPERATING REVENUE
570.14
2,468.26
NET CHANGE IN NET POSITION
570.14
$
142,991.43
Note 1 - Interest Income (Loss) is as follows:
Realized interest to date
570.14
$
2,467.91
Effect of recording investments at amortized cost
-
January 31, 2023
January 31, 2023