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CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF NET POSITION
CURRENT ASSETS:
Cash in Bank
100,032.78
$
TOTAL CURRENT ASSETS
100,032.78
$
OTHER ASSETS:
Investments
1,044,618.67
TOTAL OTHER ASSETS
1,044,618.67
TOTAL ASSETS
1,144,651.45
$
CAPITAL:
BEGINNING NET POSITION
999,720.47
$
Year-to-Date Change in Net Position
144,930.98
ENDING NET POSITION
1,144,651.45
$
FEBRUARY 28, 2023
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION
8 Month Ended
February 28, 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
1,939.55
4,407.81
TOTAL NONOPERATING REVENUE
1,939.55
4,407.81
NET CHANGE IN NET POSITION
1,939.55
$
144,930.98
Note 1 - Interest Income (Loss) is as follows:
Realized interest to date
1,939.55
$
4,134.63
Effect of recording investments at amortized cost
-
February 28, 2023
February 28, 2023