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CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION
11 Months Ended
May 31, 2025
OPERATING REVENUES:
Annual admin fees (Intel)
-
$
140,539
$
Other revenue
500
10,918
TOTAL INCOME
500
151,457
TOTAL OPERATING REVENUES
500
151,457
OPERATING EXPENSES:
Refunded admin fees
-
6,000
Legal fees
-
7,418
Miscellaneous (account analysis
settlement bank charge, IRS filings)
-
190
Grant payments
-
9,100
TOTAL OPERATING EXPENSES
-
22,708
OPERATING INCOME (LOSS)
500
128,749
NONOPERATING REVENUE:
Investment income (LOSS)-Note 1
5,062
48,355
TOTAL NONOPERATING REVENUE
5,062
48,355
NET CHANGE IN NET POSITION
5,562
$
177,104
$
Note 1 - Interest income (Loss) is as follows:
Realized interest to date
5,062
48,355
May 31, 2025
May 31, 2025
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF NET POSITION
ASSETS
CURRENT ASSETS:
Cash in bank
109,270
$
TOTAL CURRENT ASSETS
109,270
$
OTHER ASSETS:
Investments
1,396,230
TOTAL OTHER ASSETS
1,396,230
TOTAL ASSETS
1,505,500
$
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
177,104
ENDING NET POSITION
1,502,500
$
MAY 31, 2025
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION
12 Months Ended
June 30, 2025
OPERATING REVENUES:
Annual admin fees (Intel)
-
$
140,539
$
Other revenue
10,918
TOTAL INCOME
-
151,457
TOTAL OPERATING REVENUES
-
151,457
OPERATING EXPENSES:
Refunded admin fees
-
6,000
Legal fees
-
7,418
Miscellaneous (account analysis
settlement bank charge, IRS filings)
-
190
Grant payments
-
9,100
TOTAL OPERATING EXPENSES
-
22,708
OPERATING INCOME (LOSS)
-
128,749
NONOPERATING REVENUE:
Investment income (LOSS)-Note 1
4,735
53,091
TOTAL NONOPERATING REVENUE
4,735
53,091
NET CHANGE IN NET POSITION
4,735
$
181,840
$
Note 1 - Interest income (Loss) is as follows:
Realized interest to date
4,735
53,091
June 30, 2025
June 30, 2025
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF NET POSITION
ASSETS
CURRENT ASSETS:
Cash in bank
109,270
$
TOTAL CURRENT ASSETS
109,270
$
OTHER ASSETS:
Investments
1,400,965
TOTAL OTHER ASSETS
1,400,965
TOTAL ASSETS
1,510,236
$
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
181,840
ENDING NET POSITION
1,507,236
$
JUN 30, 2025