2024 USFA Annual Report

STATEMENT OF FINANCIAL POSITION

ASSETS

2023

2024*

Bank Assets

$1,017,263

$1,435,855

Accounts Receivable

$68,800

$96,745

Other Current Assets

$129,016

$128,268

Total Assets

$1,215,079

$1,660,868

LIABILITIES

Accounts Payable and Accrued Interest

$36,734

$8,892

Deferred Revenue

$171,000

$171,000

Total Liabilities

$207,734

$179,892

EQUITY

Unrestricted Net Assets

$905,790

$1,054,421

Restricted Revenue

$101,555

$301,555

Total Equity

$1,007,345

$1,355,796

Total Equity and Liabilities

$1,215,079

$1,535,868

*unaudited

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FINANCIAL POSITION

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