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CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF NET POSITION
ASSETS
CURRENT ASSETS:
Cash in bank
108,770
$
TOTAL CURRENT ASSETS
108,770
$
OTHER ASSETS:
Investments
1,381,167
TOTAL OTHER ASSETS
1,381,167
TOTAL ASSETS
1,489,937
$
LIABILITIES
CURRENT LIABILITIES:
Application deposits
3,000
TOTAL CURRENT LIABILITIES
3,000
TOTAL LIABILITIES
3,000
CAPITAL:
BEGINNING NET POSITION
1,325,396
$
Year-to-date change in net position
161,541
ENDING NET POSITION
1,486,937
$
FEBRUARY 28, 2025
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION
8 Months Ended
February 28, 2025
OPERATING REVENUES:
Annual Admin Fees (Intel)
-
$
140,539
$
Other Revenue
-
10,418
TOTAL INCOME
-
150,957
TOTAL OPERATING REVENUES
-
150,957
OPERATING EXPENSES:
Refunded Admin Fees
-
6,000
Legal Fees
-
7,418
Miscellaneous (Account Analysis
Settlement Bank Charge, IRS Filings)
-
190
Grant Payment
-
9,100
TOTAL OPERATING EXPENSES
-
22,708
OPERATING INCOME (LOSS)
-
128,249
NONOPERATING REVENUE:
Investment Income (LOSS)-Note 1
4,673
132,922
TOTAL NONOPERATING REVENUE
4,673
33,292
NET CHANGE IN NET POSITION
4,673
$
161,541
$
Note 1 - Interest Income (Loss) is as follows:
Realized interest to date
4,673
33,292
February 28, 2025
February 28, 2025